Open Wiki Open WikiOpen InfoG Open InfoGNew Quote New Quote

Quote from John Maynard Keynes,


"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 (more quotes by John Maynard Keynes or books by/about John Maynard Keynes)


(1883-1946) British economist

Source:

"The Economic Consequences Of The Peace" 

Categories:

Banking, Economics, Fed, Money, IRS, Taxation

Rating:

Get a Quote-A-Day!
Liberty Quotes sent to your mail box.
Email:  More quotes...