ECONOMY
Printing money kills enterprise
Monetary expansion distorts entrepreneurial competitiveness because it concedes enormous power to companies that have easier access to liquidity. This is why entrepreneurs tend to disappear and why companies in the hands of finance tend to multiply.
ECONOMY
Expansive monetary policies kill savings and responsibility
For years, it seems that the only way to resolve economic crises is by central banks issuing new liquidity. However, this continuous creation of money “out of thin air” has negative ethical implications. It damages individuals and social cooperation.
