This audio Mises Daily is narrated by Keith Hocker.
<![CDATA[The Cultural and Political Consequences of Fiat Money]]>
Our global system of fiat moneys favors spenders and borrowers over savers. Low—and moderate—income households who wish to save for the future are at the greatest disadvantage, and this has led to profound cultural changes over the past century, writes Guido Hülsmann.
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