Inflation Series – Inflation Is A Form Of Bribery.

Inflation: Artificial expansion of the money supply

The classic view of bribery is a brown paper envelop exchanged in secret for the purpose of gaining special favors. It doesn’t take much of a deviation from this classic example to include inflation as one of the forms of bribery.

The exchange is done in secret in two ways. The counterfeiting by the central banks is done quickly and shamelessly with no accountability in any real sense and so it is unseen. The exchange takes place as if everything is normal and moral – by large, well-known entities.

The carrier of the ‘brown paper envelop’ has no objection since that is what provides its slice of wealth from the inflation bribery pie.

Of course the main purpose of the bribery has to do with gaining special favors but this is definitely not a one-sided arrangement. The recipients of the counterfeited money gain wealth instantly and use it to further its goals, often by extending its influence by furthering the reach of bribery down the line. The other side of the bribery exchange also benefits because acting as the agent supplying counterfeit money is the most lucrative of all positions to be in.

I don’t know if you noticed the implications of this process. It has the tendency to continue to extend further and further, corrupting the entire society. It starts as a counterfeit operation and eventually changes the ethical nature of the society into a counterfeit society suffering from a lack of any ethical or moral foundation.

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Expanding the Economics Horizon!

Since the virtues are both ends and means there is a confusion about how they fit into economics and so there tends to be an artificial separation between ethics and economics. But the virtues are at the same time undeniably means and therefore an important subject of study within economics – which is the study of the means to attain the ends. For example, creativity is a means and trustworthiness is a means, etc.

The divine economy theory opens a new vista in economic science because it critically examines and successfully overcomes the artificial separation of economics and ethics. If the economics that you are practicing does not make it possible to analyze human virtues as means to an ends then it is time to expand your horizons!

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Ethics As It Pertains To Subjective Human Beings.

In scarcity terms there is one and only one subjective person that can make a claim to one’s own person and as a matter of fact that same person has knowledge that is unique and subjective. This ‘ownership’ is what can be regarded as a human right and all human rights are property rights just like all property rights are human rights.

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