John Maynard Keynes Quotes About Currency

Quotes about: Currency

• 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 citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.

  John Maynard Keynes

  Government, Sight, Important

  John Maynard Keynes (2011). “Essays in Persuasion”, p.77, W. W. Norton & Company

• Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . 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 can diagnose.

  John Maynard Keynes

  Mean, Men, Law

  John Maynard Keynes (2016). “The Economic Consequences of the Peace: The Economist”, p.124, 北戴河出版

• There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

  John Maynard Keynes

  Mean, Economics, Currency

  The Economic Consequences of the Peace ch. 6 (1919).

• Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.

  John Maynard Keynes

  Philosophy, Government, Political

• Thus those reformers, who look for a remedy by creating artificial carrying-costs for the money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost in order to retain its quality as money, or in analogous ways, have been on the right track; and the practical value of their proposals deserves consideration.

  John Maynard Keynes

  Order, Creating, Track

  "The General Theory of Employment, Interest and Money". Book by John Maynard Keynes, Book 4, Chapter 17, Section 3, p. 234, February 1936.

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