John Maynard Keynes Quote 

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

by:
John Maynard Keynes
(1883-1946) British economist
Source:
"The Economic Consequences Of The Peace" 
Categories:
 
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Reader comments about this quote:
 -- Tony D., Toronto 
 -- Mike, Norwalk 
...the 999,999,999 people who don't understand this don't do real estate!
 -- Gregg, Houston		 
 -- jim k, austin 
The amazing thing is that Keynesian economics has been openly acknowledged and promoted for decades. Everyone in the banking business knows how this works -- in their world, we are all suckers. Most politicians know about this scam, too, and they merely borrow and spend as much as they possibly can while reaping the benefits and putting the burdens upon the people. Next time you hear people talking about the 'rich' and the 'poor' remember that members of Congress either are the 'rich' or work for the rich.
 -- E Archer, NYC		 
We just witnessed a secretly unobserved confiscation of wealth with the controlled economic "collapse" that just happened. The further centralization of the combination corporate banking and business government (sorry, industry) is another strong motive for it.
 -- Anon		 
No they don't work for the rich. They work for the wealthy. When they say rich they mean people that have the ability to create wealth in order to become one of the wealthy. The left chants the hate speech because they do not want any new money competing with their old money. When you look at the congress you will find that the Dems are mostly wealthy from some means other than their own efforts. While the majority of the Republicans made their wealth on there own. This makes the politicians attitudes toward wealth and wealth creation easy to understand. Dems inherit it while Republicans earnit. It is a war between old money and new money. If you look at the liberal republicans you will again find old money. This is obviously not true in every case but it holds true in general. The tax codes are made to make it hard for someone that wants to become one of the wealthy. The wealthy already have their money so income taxes do not affect them. The drum beat of getting even with the wealthy is fodder for the ignorant.
 -- warren, olathe		 
What a slimeball....
 -- M., Norman Park		 
Yeah, bring political parties into this. BOTH parties are Keynesian assholes. So stop touting one party of the other as the people who ''earn their bread''.
 -- Anonymous		 
Those who don't learn from history are doomed to repeat it. Here we are. Start slapping people awake with long known truths like this and expose their two party idealogy as the corrupt fraud that it is. The Banksters are back. Just ask Obama. His primary source of campaign financing was [drum roll] financial insitutions!
 -- Eric H., Mechanicsville, VA		 
Not one man in a million? How many in a million realize that collapsing buildings do not turn everything into powder but explosions do? How many realize that 911 was an inside job. The rest of them are zombies for the devil.
 -- hardtruth, Hudson		 
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