August 24, 2009

Frightening Quote

Put in context, the monetary policies put in place by the current administration that we've been warned could lead to hyper-inflation and thereby wipe out the value of the dollar, are dangerous.

More dangerous in fact than any given spending plan, health care debate or Supreme Court Justice nomination:

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 is able to diagnose."

~John Maynard Keynes, "Economic Consequences of the Peace" (1919)


Is this where the administration is going?  Deliberately?

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