Power & Market
Author:
Jörg Guido Hülsmann
Online Publish Date:
First of all, modern man, living in a price inflationary economy, in a debt economy, tends to be short-sighted and reductionist in his vision. He tends to be short-sighted because he needs to bring money on the table every single month. He needs to service his debt. So, he cannot just lay back as our ancestors would have done in the 19th century.