The Misesian, vol. 3, no. 1, 2026

The effects of our inflationist economy go beyond mere statistics. As Guido Hülsmann has shown in his pioneering book The Ethics of Money Production, culture itself can change as sound money disappears and inflation dominates. Spending is rewarded more than saving. Short-term thinking makes more sense, and long-term planning appears to be foolhardy. The culture itself turns more to consumption rather than investment. Younger people are perhaps the most affected, as they have never known anything else.

In this issue of The Misesian we look at how this kind of economy affects Gen Z and we look at what can be done to reclaim an economy based on saving, investing, and looking to the future. This will be of great economic and political importance going forward. John Maynard Keynes—the father of our hollowed-out inflationist economy—said that in the long run we are all dead. Keynes may not have cared about it, but those of us who have children, and who hope to have grandchildren someday, still care very much about the long run.

The Misesian vol 3, no. 1 2026
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