Monday, April 27, 2009

Why the Government Loves Inflation -- Austrianism - Tu Ne Cede Malis

Jonathan Galt writes:

After all, it was Keynes himself who said, "Lenin was certainly right, there is 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." Keynesianism is nothing more than the redistribution of wealth from the financially prudent to financially imprudent, wealth destruction at its finest and Sir Keynes knew it!

Austrianism - Tu Ne Cede Malis: Why the Government Loves Inflation

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