None
FR
The Sure Way to Destroy a Prosperous Nation
[]
Mises Institute
This is not a frivolous claim, but the sure way to destroy a prosperous nation is to debase the currency.
Unleashing Unlimited Warfare and WelfareThe bulk of the new phony money is lavished on two main categories—war and welfare.
But the monetary “high” like the drug “high” requires more and more resources to achieve what appears to be a favorable result.
Like the drug “high” the monetary “high” is self-destructive.
Those who remain outside the money circle eventually find a way to justify a new program for which they can qualify.