[I]t was not electricity or cars that corrupted the Amish; it was the easy-credit regime produced by Alan Greenspan and Ben Bernanke, who are quite removed from the horse-and-buggy world of that corner of the mountains of Pennsylvania. Hans Hoppe and others have warned that a regime of easy credit will lead to changes in human behavior that are destructive, as people begin to forsake planning for the future and replace it with a present-oriented lifestyle.
One might thing that the more sedate Old-Order Amish would be exempt from such problems, but think again.
Even the Amish are not immune to the allure of easy credit.
No comments:
Post a Comment