As J.G. Hülsmann stated in his seminal essay The Cultural and Spiritual Legacy of Fiat Inflation: "The government’s fiat makes inflation perennial, and as a result we observe the formation of inflation-specific institutions and habits.  

Thus fiat inflation leaves a characteristic cultural and spiritual stain on human society." It is, therefore, crucial for people to awaken to the fact that the manipulation of money and credit, on the part of central bankers, is tantamount to manipulating the minds and hearts of human beings – a matter also covered in a jointly-written essay. 

Right behind owning one’s own body, the second most personal asset an individual owns is the fruit of one’s own labor – with such fruit typically taking the form of money; which is exchanged for food, clothing, transportation, shelter, etc. 

Accordingly, with the common yardstick here being money, a person’s self-worth, in part, can be measured by earnings power, accumulated savings, and personal net worth.  

With central banks, however, continuously perpetrating the immoral and fraudulent act of fiat inflation, money perniciously loses value over time.  

When such an important and profoundly intimate self-measuring tool (money) loses its stability, people tend to lose their moral bearings and social decay ensues.  

And, correspondingly, state power increases – for a while at least – as the populace becomes evermore dependent on state bureaucrats for guidance.  

To be sure, this seems quite abstract. Hence, it is my objective to bring you tangible examples as to how fiat inflation, as wrought by central bankers, has had a deeply personal impact on people and is a key factor behind the gradual decivilization process engulfing humanity. 

Central Banking, The Depreciation Of Self-Worth & Decivilization