"Everything that is done by a government against the purchasing power of the monetary unit is, under present conditions, done against the middle classes and the working classes of the population. Only these people don't know it. And this is the tragedy. The tragedy is that the unions and all these people are supporting a policy that makes all their savings valueless. And this is the great danger of the whole situation." Read more. Inflation Destroys Savings Ludwig von Mises and Bettina Bien Greaves May 18, 2010 Via the Ludwig von Mises Institute. Image by Danilo Rizzuti / FreeDigitalPhotos.net.