Because it affects every market transaction, money affects our everyday lives like no other economic good or service. When governments cause inflation and manipulate the money supply, this can be felt in every aspect of our lives, right down to family life and into the other institutions that build up civilization itself. Jörg Guido Hülsmann has done groundbreaking work on this in How Inflation Destroys Civilization.

Today, at mises.org, Michael Matulef further explores how inflation involves “a story of moral inversion, misallocation, and progressive social demoralization.”

Also today, George Ford Smith examines the record of Roger Williams, an early American libertarian of New England who had a talent for antagonizing the ruling class.