Debates Forum

Debates Forum

  1. Joined
    02 Jan '06
    Moves
    10120
    23 Oct '15 02:181 edit
    Originally posted by KazetNagorra
    Of course whodey has a problem with the Federal Reserve. Someone wrote on a blog that it's bad.
    John Maynard Keynes:

    In 1919, John Maynard Keynes, later an advisor to Franklin D. Roosevelt, wrote in his book The Economic Consequences of Peace: “Lenin is 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 … As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless…”

    “Without big banks, socialism would be impossible.” – Vladimir Lenin
  2. Germany
    Joined
    27 Oct '08
    Moves
    3118
    23 Oct '15 06:09
    Originally posted by whodey
    John Maynard Keynes:

    In 1919, John Maynard Keynes, later an advisor to Franklin D. Roosevelt, wrote in his book The Economic Consequences of Peace: “Lenin is 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 ...[text shortened]... be almost meaningless…”

    “Without big banks, socialism would be impossible.” – Vladimir Lenin
    Never mind that inflation has been low for decades, whodey is seemingly still stuck in the stagflation era of his youth.
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