How Inflation Destroys Civilization

Fiat inflation leaves a characteristic cultural and spiritual stain on human society. Guido Hülsmann takes a closer look at some aspects of this legacy.

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How Inflation Destroys Civilization

Jörg Guido Hülsmann

Fiat inflation leaves a characteristic cultural and spiritual stain on human society. Guido Hülsmann takes a closer look at some aspects of this legacy.

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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