pigeon_shit_dust
12.06.22, 01:47
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency,” Keynes wrote. “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
This “arbitrary rearrangement of riches,” he continued, strikes at both the security and confidence that people have in the economic system. He went on to explain that inflation turns consumers against capitalists—“profiteers,” in his words—when they see how those individuals accrue wealth while they suffer from inflation.