Sunday, 7 October 2012

Inflation: The Secret Confiscation of Wealth

"Lenin was certainly right, there is no more positive, or subtle, or surer means of destroying the existing basis of society than to debauch the currency.

"By a continuing process of inflation, governments can confiscate secretly and unobserved, an important part of the wealth of the citizens.

"The process engages all of the hidden forces of economics on the side of destruction, and does it in such a manner that not one man in a million can diagnose."

- John Maynard Keynes

Crash Course Chapter 10: Inflation

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