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"You can imagine, then, how this inflation and debt-based system, over time, will begin to change the culture of a society and its behavior.
We become more materialistic than under a natural monetary system. We can’t just sit on our savings anymore, and we have to watch our investments constantly, and think about revenue constantly, because if it is not earning enough, we are actively getting poorer."
 By: | Jorg Guido Hulsmann (more quotes by Jorg Guido Hulsmann or books by/about Jorg Guido Hulsmann) |
| Economist |
Categories: | Economics, Fiat, Money, Debt |
Rating: |   |