deeznuts

The only way to save “America” is to abolish Washington DC

# Comprehensive Analysis Title: The Road to De-Civilization: Inflation and the Moral Erosion of Society | Mises Institute URL: https://mises.org/mises-wire/road-de-civilization-inflation-and-moral-erosion-society? Collected: 2025-11-18 00:06:28 +0000 Analyzed: 2025-11-18 00:18:48 +0000 ## Overall takeaway The shift in inflation's definition obscures its true nature, enabling government evasion of responsibility and societal decay; sound money can restore balance. ## Conceptual model - Inflation redefined obscures its true causes. - Government evasion leads to societal moral decay. - Sound money reconnects effort with reward. - Inflation redistributes wealth unfairly. - Cultural impacts of inflation promote materialism. ## Next steps (optional) - Explore sound money principles. - Engage in discussions about inflation's impact. - Research historical examples of inflation effects. ## Short summary The article discusses how the concept of inflation has shifted from its original definition, leading to governmental evasion of responsibility and moral decay in society. It argues for sound money as a solution to restore the connection between effort and reward, countering inflation's detrimental effects. ## Comprehensive summary • The concept of inflation has been distorted from its original meaning, which referred to the artificial expansion of money and credit, to a general rise in prices, obscuring its true nature. • This semantic shift serves a political agenda, allowing governments to evade responsibility while citizens accept gradual impoverishment as normal. • The Austrian School emphasizes that inflation results from increased money supply, leading to distorted economic calculations and uneven price rises. • Ludwig von Mises highlighted the confusion that arises from redefining inflation, arguing that it hinders the public's ability to address the root cause of price increases. • Murray Rothbard argued that the Federal Reserve is the primary instigator of inflation, akin to a thief deflecting blame onto others. • Inflation acts as legalized counterfeiting, redistributing wealth unfairly and creating a Cantillon effect where benefits accrue to those closest to new money. • Jörg Guido Hülsmann notes that inflation erodes moral standards, distorting economic communication and encouraging dishonesty, leading to a breakdown of reliable pricing signals. • The moral implications of inflation include fostering dependency and weakening self-reliance, transforming citizens into subjects and eroding societal standards. • The lived experience of inflation manifests in daily life, disrupting the relationship between effort and reward, and promoting a culture of materialism and immediate gratification. • The cumulative impact of inflation leads to societal decay, as individuals adjust their lives to cope with diminishing purchasing power and distorted values. • The solution lies in restoring sound money, which reconnects effort with reward and establishes truth as the foundation of economic life, allowing civilization to flourish. ## Entities - keyword: prices, austrian, civilization, money, inflation, rise, term, moral, economic, society - location: United States - organization: Interventionism, Moral Erosion of Society, Lived Experience Inflation, Fed, Federal Reserve - person: Wishful, Cantillon, Jörg Guido Hülsmann, Ludwig von Mises, Mises, Rothbard, Murray Rothbard ## Related content 1. Big government is the problem, not the solution. | dlacalle.com Why: similarity 0.91 Summary: - **Socialism's Ineffectiveness**: Socialism has historically failed to reduce prices or improve affordability; government intervention exacerbates inflation and scarcity issues. - **Government Intervention**: Claims that government can solve large problems are misleading; intervention typically worsens economic crises rather than alleviating them. - **Economic Impact of Spending**: Uncontrolled government spending leads to currency devaluation, lower real wages, and heightened inflation, alongside regulations stifling competition. - **Successful Economies**: Economic prosperity arises from competition, innovation, and open markets, not bureaucratic control. Increased bureaucratic power fosters stagnation and debt crises. - **Failed Socialist Examples**: Countries like France, Germany, and the UK showcase the failures of high taxation and interventionist policies, leading to debt crises and social discontent. - **Misinterpretation of China**: China's economic growth is misrepresented as successful socialism; it results from market reforms, not state control. - **Wealth Allocation**: Governments fail to allocate resources effectively, leading to inefficiencies and waste, ultimately harming economic growth. - **Consequences of Intervention**: Interventionist policies create chronic inflation and fiscal imbalances, undermining real wages and crowding out private investment. - **Erosion of Middle Class**: Socialism aims to create dependency among citizens, disproportionately harming the middle class while benefiting a politically connected elite. - **Inflation as a Stealth Tax**: Government-induced inflation acts as a hidden tax, eroding purchasing power and shifting financial burdens onto working families. - **Limits of Government**: Governments exceed economic, fiscal, and inflationary limits leading to stagnation, debt crises, and the erosion of prosperity rather than enhancing it. - **Long-term URL: https://www.dlacalle.com/en/big-government-is-the-problem-not-the-solution/ 2. The Cultural Consequences of Inflation | Mises Institute Why: similarity 0.91 Summary: • **Inflation is a government-created process** that artificially increases money supply, redistributing wealth from many losers to few winners, functioning as a hidden tax with devastating economic and moral consequences • **Modern banking's fractional reserve system** originated from the 1844 Peel Act and the 1848 Foley v. Hill ruling, which allowed banks to lend out deposits, creating a form of embezzlement that enables monetary expansion • **The gold standard (1865-1896)** prevented disproportionate money supply changes and credit expansion, maintaining economic stability despite deflation, until central banks emerged • **The Federal Reserve (established 1913)** acts as an inherently inflationary lender of last resort, enabling the doubling of money supply during WWI and facilitating the growth of welfare and militarized states • **Inflation transforms economic structure** by making debt financing dominant over retained earnings, reducing true entrepreneurship, and creating perverse incentives where businesses operate with minimal equity • **Social consequences include undermining the culture of sacrifice and saving**, as falling real returns discourage thrift and charitable giving while promoting immediate consumption and debt-based lifestyles • **Family structures are weakened** as inflation forces focus on money over relationships, pushes women into labor markets, increases divorce rates, delays marriage, and reduces childbearing • **Inflation corrupts social relationships** by instrumentalizing friendships into networking, subsidizing perverse attitudes, creating identity-based conflicts between groups, and forcing constant focus on protecting wealth rather than building genuine human connections URL: https://mises.org/mises-wire/cultural-consequences-inflation 3. The Cultural Consequences of Inflation | Mises Institute Why: similarity 0.91 Summary: • The Federal Reserve Act of 1913 created an inherently inflationary system by allowing the Fed to act as lender of last resort and expand reserves without constraints, enabling the doubling of money supply between 1914-1919 • Inflation acts as a hidden tax with devastating economic and moral consequences, encouraging debt over savings, lengthening time preferences, and making society more materialistic as people prioritize protecting their wealth • The Peel Act of 1844 prohibited unbacked banknotes but allowed fractional reserve banking for deposits, which constitutes embezzlement according to the author, creating the foundation for modern banking systems • Inflation redistributes wealth from later recipients to early recipients of new money, promoting capital concentration and enabling the growth of welfare and militarized states that would be impossible without monetary expansion • Credit expansion at artificially low rates creates perverse incentives where entrepreneurs operate with 90% debt, reducing the number of true independent entrepreneurs operating with their own capital • The culture of sacrifice and saving is undermined as inflation eliminates incentives to save, reduces the value of inheritances, and discourages charitable giving by increasing the opportunity cost of donations • Inflation damages family structures by forcing focus on money over relationships, pushing women into labor markets, increasing divorce rates, delaying marriages, and reducing birth rates • Social relationships become instrumentalized as inflation subsidizes perverse attitudes, transforms friendships into utilitarian "networking," creates group polarization, and leaves average workers unable to save effectively URL: https://mises.org/mises-wire/cultural-consequences-inflation? 4. A Loose Versus Tight Monetary Stance | Mises Institute Why: similarity 0.91 Summary: - **Economic Management Misconception**: Many view the economy as a spaceship needing guidance from monetary policy experts to maintain stable growth and prices. - **Central Bank Role**: Central banks utilize expansionary monetary policy to stimulate the economy when it slows down by lowering interest rates and increasing money supply. In contrast, they tighten monetary policy to cool an overheating economy by raising interest rates. - **Ineffectiveness of Tight Policies**: A tighter monetary stance cannot reverse the resource misallocation caused by previous expansionary policies, as inflation disrupts wealth and income distribution beyond repair. - **Wealth Generation**: Freeing the economy from central bank interference is essential for halting wealth destruction and facilitating wealth generation, which aids in reallocating mismanaged resources. - **Neutral Interest Rate Challenge**: Experts argue that deviations of the federal funds rate from a theoretical neutral interest rate hinder stable growth; however, this neutral rate is unobservable and relies on complex mathematical estimations. - **Critique of Economic Models**: Mainstream economic models, including supply and demand curves, are criticized as imaginary constructs lacking real-world applicability. This undermines the validity of central bank policies attempting to target a neutral interest rate. - **General Equilibrium Fallacy**: The concept of general equilibrium is questioned, as it abstracts individual behaviors and decisions, which shape the economy. True equilibrium arises from individual goals rather than theoretical models. - **Consequences of Central Planning**: Historical failures of centrally-planned economies highlight the dangers of government attempts to dictate economic growth, leading to resource misallocation and economic disaster. - **Conclusion**: Viewing the economy as a machine is flawed; it is an intricate network of human interactions. Inflationary policies cannot be remedied by URL: https://mises.org/mises-wire/loose-versus-tight-monetary-stance? 5. An Open Letter To Bill Maher: It's Inflation, Not The Economy, That's Broken | ZeroHedge Why: similarity 0.91 Summary: - • The letter addresses Bill Maher's comments on the economy during his show, specifically regarding the election of New York City mayor-elect Zoran Mamdani. - • Maher expresses confusion over the economic disparity, noting the gap between high-priced goods and the struggles of many Americans. - • The author argues that Maher fails to grasp the underlying causes of inflation, which he criticizes without understanding the monetary policy at play. - • The inflation problem is portrayed as a bipartisan failure, with both parties neglecting to confront the Federal Reserve's role in maintaining inflated asset prices. - • The letter explains that inflation exacerbates wealth inequality, benefiting the wealthy while making basic necessities unaffordable for lower-income individuals. - • The author highlights the cyclical nature of Fed interventions, which increasingly widen the inequality gap each time stimulus is applied. - • The reckless monetary policy of both parties has led to over $35 trillion in debt and has disproportionately affected the lower and middle classes. - • Despite political differences, the author respects Maher for his critical thinking and hopes he can understand the economy's failures under both parties. - • The author urges Maher to consider the potential consequences of ongoing inflation and debt, which could lead to social unrest or a currency crisis. - • A suggestion is made for Maher to invite an Austrian economist like Peter Schiff on his show to discuss these issues further. URL: https://www.zerohedge.com/markets/open-letter-bill-maher-its-inflation-not-economy-thats-broken 6. The Origins of the 2 Percent Inflation Target | Richmond Fed Why: similarity 0.91 Summary: - • The Federal Reserve established a formal 2 percent inflation target in 2012, but discussions about it began as early as the mid-1990s. - • Prior to 2012, the Fed did not have an explicit inflation target, despite recognizing price stability as a key focus of its mandate since the Federal Reserve Reform Act of 1977. - • In the 1970s, inflation rates were problematic, prompting Paul Volcker, the Fed chair in 1979, to implement strict measures that successfully reduced inflation, albeit at the cost of a deep recession. - • By the mid-1990s, Fed officials, including Richmond Fed President Al Broaddus, began advocating for an explicit inflation target to enhance the Fed's credibility and influence inflation expectations. - • During a July 1994 meeting, the idea of a specific inflation target was introduced, with Thomas Melzer from the St. Louis Fed expressing concerns about market uncertainty regarding the Fed's objectives. - • A formal debate on adopting an inflation target took place in 1996, where Broaddus promoted a commitment to low inflation, while Janet Yellen raised concerns about prioritizing inflation over employment. - • By July 1996, a majority of the FOMC appeared to support a target of 2 percent, although Chair Alan Greenspan was reluctant to make this public due to fears of political backlash and potential constraints on monetary policy flexibility. - • The Fed operated under an "implicit target" during Greenspan's tenure, successfully reducing inflation without causing a recession, leading to a period of low inflation rates from the mid-1990s to the late 2010s. URL: https://www.richmondfed.org/publications/research/econ_focus/2024/q1_q2_federal_reserve 7. Yakihonne | Rigged Republic Why: similarity 0.90 Summary: - • The document explores how fiat money has eroded America's foundational economic structures and presents solutions for reform. - • Money is defined as a tool for human coordination, with sound money systems promoting honest work and voluntary cooperation. - • Fiat money introduces malinvestment, creating artificial credit booms and leading to economic distortions and inequality. - • The Cantillon effect illustrates how new money benefits elites while diminishing the purchasing power of the general populace. - • Game theory is used to analyze how fiat systems create zero-sum dynamics, fostering conflict and wealth transfer from the masses to elites. - • The Federal Reserve's establishment in 1913 enabled unchecked credit creation and speculative financialization, deviating from constitutional monetary control. - • This shift incentivized short-term growth over genuine productivity, leading to economic cycles characterized by inevitable defaults and inflation. - • The Federal Reserve's actions contributed to the Great Depression, exacerbating societal issues and leading to significant regulatory interventions like the New Deal. - • Social programs like Social Security emerged as unsustainable schemes, relying on perpetual population growth which is no longer viable. - • Widespread cultural erosion and distrust followed, transforming cooperative economies into resentful, state-dependent systems. - • World War II accelerated the centralization and financialization of the economy, further embedding the Federal Reserve's influence over monetary policy. - • The document argues that transitioning to sound money, such as Bitcoin, is crucial for restoring a fair and decentralized economic future. URL: https://yakihonne.com/article/BodhiSATtva@primal.net/rigged-republic ## Pointed questions for discussion - How can society effectively address the moral implications of inflation? - What role should government play in managing inflation? - In what ways can sound money principles be implemented today? ## Sentiment Score: -0.50 ## Provider OpenRouter / openai/gpt-4o-mini Shared via https://contex.st

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https://www.kunstler.com/p/just-spill-the-beans-already?publication_id=2076970&post_id=179139510&isFreemail=true&r=133f0v&triedRedirect=true Just Spill the Beans Already - by James Howard Kunstler “Political Hide the Salami” LOL Shared via https://contex.st

Slowly and then suddenly https://www.youtube.com/watch?v=wWIbCtz_Xwk #collapse

GM! Shared via https://contex.st

This bullshit story is as bad of propaganda as the’s bs during GWB’s I mean Cheney Administration Could A Small Venezuelan Island Be The Real Reason Behind the U.S. Military's Caribbean Buildup | ZeroHedge https://www.zerohedge.com/geopolitical/could-small-venezuelan-island-be-real-reason-behind-us-militarys-caribbean-buildup Shared via https://contex.st

Evergreen meme Shared via https://contex.st

America NEEDS a moment like this Shared via https://contex.st

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