Wednesday, October 3, 2012
The reason the way things are - A quote
“By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some …. Those to whom the system brings windfalls …. become “profiteers” who are the object of the hatred … the process of wealth-getting degenerates into a gamble and a lottery .. 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" - John Maynard Keynes ----------------------------------------------------------------------------------------------------------------------
In light of the presidential debates that will happen tonight, and in thinking back to the political arguments concerning economics I heard in the morning from the old at the coffee shop on the way to work, all of it, EVERY word they say and every argument they make is completely and utterly made NULL and VOID by this above quote.