“Natural money production can work; it has worked wherever it has been tried; and there are no tenable technical, economic, legal, moral, or spiritual reasons to suppress its operation.
By contrast, there are a great number of considerations that prove conclusively the harmful and evil character of inflation. And in our time inflation has become persistent and aggravated because various legal provisions actually protect the monetary institutions that produce this inflation.
Money production is therefore a problem of justice in a double sense:
On the one hand, the modern institutions of money production depend on the prevailing legal order and thus fall within one of the innermost provinces of what has been called social justice.
On the other hand, the prevailing legal order is itself the very problem that causes perennial inflation. ”
Excerpt from
The Ethics of Money Production
Jörg Guido Hülsmann