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By A Continuing Process Of Inflation

Posted by | October 16th, 2011

“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 also confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.  There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.”

–  John Maynard Keynes

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4 thoughts on “By A Continuing Process Of Inflation

  1. markross Post author

    “If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson

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  2. Jackie Durkee

    This statement is so true and Thomas Jefferson’s statement is so true. Our politicians know it and practice it, yet many of our citizens don’t. That is a big shame.

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  3. markross Post author

    It is a dam shame, Jackie! If every American understood the basics behind inflation, and how if steals from the savings, earnings, and prosperity of ALL Americans, regardless of income level, we’d ALL be demanding an end to The Federal Reserve Bank, and a return to a Gold Standard!

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