Savitri Era of those who adore, Om Sri Aurobindo and The Mother.

Sunday, November 02, 2008

All become big borrowers. This is a surefire means of destroying the character of a nation

Our National Character Is Under Threat
from ANTIDOTE by Sauvik

What will actually transpire is that every individual who saves will be offered the perverse incentive to borrow instead. Everyone will borrow rather than save – because this is the way the incentives are structured. This has already happened in the USA, and this is what will happen here. Indians, who are great savers, will all become big borrowers. This is a surefire means of destroying the character of a nation. Inflationism is not just a destruction of the value of money. It is not just a hidden tax. It is not just a means of redistributing wealth. It is even worse. The greatest evil that inflationism does is the destruction of human character. And, yes, they want to teach!

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