John Maynard Keynes Quote

Quote from John Maynard Keynes,

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.

By:

John Maynard Keynes (more quotes by John Maynard Keynes or books by/about John Maynard Keynes)

(1883-1946) British economist

Source:

The Economic Consequences of the Peace (1919)
http://blog.skepticallibertarian.com/2013/04/15/fake-quote-files-v-i-lenin-on-inflation-and-taxation

Categories:

Confiscation, Government, Inflation, Money

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By:	John Maynard Keynes (more quotes by John Maynard Keynes or books by/about John Maynard Keynes)
	(1883-1946) British economist
Source:	The Economic Consequences of the Peace (1919) http://blog.skepticallibertarian.com/2013/04/15/fake-quote-files-v-i-lenin-on-inflation-and-taxation
Categories:	Confiscation, Government, Inflation, Money
Rating: