“Most of our important relationships with other humans are monetary in nature. We have employment contracts, lending contracts, pension agreements, annuities, welfare, taxes, and, more broadly speaking, the prices paid for goods and services. The basis for all of these relationships is money. When the money becomes ‘immoral,’ all of these relationships also lose their moral character. Instead of investors, builders and producers, we become traders: trading assets; trading jobs; trading money for favors; trading spouses; trading our supposed ‘beliefs,’ for short-term gain in a zero-sum, and in fact negative-sum society.”
http://www.forbes.com/sites/nathanlewis/2012/10/28/the-social-deterioration-of-funny-floating-money/
Related posts:
Central Banks and Our Dysfunctional Gold Markets
Ten Things to Expect from Obamacare in 2014
Will Grigg: Living in Amerika
Naomi Wolf: The coming drone attack on America
John Hussman: All Their Eggs in Janet's Basket
An Orwellian America
Ladar Levison's Lesson
Downside Resilience, Anyone?
Our Legacy Systems: Dysfunctional, Unreformable
How to Survive When Prices Double Every Day and a Half
A Nation of Rules: The US Justice System
Truth and Consequences of Fed Money Printing
How to Be a Rogue Superpower: A Manual for the Twenty-First Century
Why a pizza can’t fly
FATCA: Making the world support US Homelanders