Morality and Transfer Payments

If for no other reason, inflation should be rejected on the basis of morality. Inflation is taxation by deceit. Government deceives the people as to the tax burden, and who is bearing it. The working and middle classes are gradually impoverished, while the poor are ground further down.

Wealth is transferred to the rich, from the hardworking and thrifty to the conniving and foxy.

Inflation should be rejected by any society, but especially by one claiming a Christian-Hebraic heritage. Not only is wealth transferred from one group of citizens to another, in a giant anti-Robin Hood operation, but authority is transferred from citizens to the government.

Monetary and economic decisions are increasingly taken from individuals and transferred to politicians, bureaucrats, and central bankers. To enforce the transfer, government officials accumulate power through legislation and regulation. Coercion becomes commonplace; voluntary decisions are called detrimental to the “whole,” and freedom is gradually destroyed.

Without a moral society, honest money cannot exist. Without morality and honest money, a free society cannot exist. An immoral society and dishonest money go hand in hand.