Daily Archives: January 30, 2016

On some things, Keynes was right

A timely excerpt of Keynes from The Economic Consequences of the Peace, written in 1919. “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 …

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