Thursday, March 15, 2012

Debauchery

"Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency... 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 can diagnose."
--John Maynard Keynes (1883-1946) British economist
Source: The Economic Consequences of the Peace, 1920, page 235

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