Banking

Consumers of "Useless" Status Symbols

Consumers of "Useless" Status Symbols

The "consumerism" narrative turns buyers into victims. In turn, such a narrative feeds into a sociopathic worldview because it is very important to sociopaths to believe that they are victims. An identity which the people studied were also overly eager to embrace.

It is not merely that inflation breeds dishonesty in a nation. Inflation is itself a dishonest act on the part of government, and sets the example for private citizens. When modern governments inflate by increasing the paper-money supply, directly or indirectly, they do in principle what kings once did when they clipped coins. Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water. Notwithstanding all the pious pretenses of governments that inflation is some evil visitation from without, inflation is practically always the result of deliberate governmental policy. -- Henry Hazlitt
Inflation Breeds Dishonesty
Central Banks Destroy Civilization

Central Banks Destroy Civilization

Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing.