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Stumbled upon a very salient approach about inflation

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kurt_cagle Donating Member (294 posts) Send PM | Profile | Ignore Fri Sep-26-08 01:51 AM
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Stumbled upon a very salient approach about inflation
On inflation, Keynes wrote in The Economic Consequences of the Peace:

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." ... "Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

Hmmmm....
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