I'm sure you have heard the claim that without inflation and the good people running the counterfeit machine, people would never spend money and it would cause an economic crisis. But have you ever seriously considered what the consequences of encouraging consumption and materialist economic activity might actually be, and whether we really need to subsidize the human desire to use up resources? What if it degrades the very process by which we even determine what our resources are worth to begin with? It's time for a Guy's Take episode.

Listen to the recent read by Hulsmann to understand the foundations of this episode

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"And were an epitaph to be my story I'd have a short one ready for my own. I would have written of me on my stone: I had a lover's quarrel with the world."

~ Robert Frost