The Ethics of Money Production Jörg Guido Hülsmann -Full Audiobook-

We are not used to thinking of money production as an industry like any other, but Jörg Guido Hülsmann shows that it can be studied with the customary tools of economics and rational ethics. He highlights the role of money within the market economy and discusses the ethical problems of competitive money production. The main focus of the book is on the social, cultural, and spiritual consequences of government-sponsored inflation. Hülsmann explains how such inflation vitiates the operation of national and international monetary systems and also causes numerous other problems such as the concentration of power and the decay of the family. He argues that the present-day forms of money production are contestable both on economic and ethical grounds, at any rate from a Christian point of view. Our monetary system creates unjust incomes, destroys wealth, subverts the moral foundations of society, and ultimately paves the way for hyperinflation and totalitarianism.