 | United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1994 - 112 pages
...security. John Maynard Keynes said it best in 1919 •in the Econoaio Consequences of the Peace: There ia no subtler, no surer means of overturning the existing...currency. The process engages all the hidden forces of econonic lav on the side of destruction, and does it in a manner vhieh not on« Kan in a nil lion is... | |
 | John Cunningham Wood - 1994 - 606 pages
...to be almost meaningless, and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no...basis of society than to debauch the currency. The Critical Assessments 393 process engages all the hidden forces of economic law on the side of destruction,... | |
 | John Williamson - 1994 - 630 pages
...Peace. As Keynes so famously put it, Lenin was most certainly right- There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency. The process engages The Western economics profession has been spoiled rotten by rational expectations thinking, by diverting... | |
 | David Felix - 1995 - 300 pages
...demanding to consume more than the economy produced.49 One expression of the danger was inflation: "There is no subtler, no surer means of overturning the existing basis of society."50 If this suggested more fragility in the system than most economists would grant, it was... | |
 | Jonathan Kirshner - 1997 - 308 pages
...the best way to destroy the capitalist system was to debauch the currency." Keynes went on to add, "Lenin was certainly right. There is no subtler, no...than to debauch the currency. The process engages all of the hidden forces of economic law on one side of destruction, and does it in a manner which not... | |
 | Ramkishen S. Rajan, Mukul G. Asher - 1997 - 138 pages
...persistent resort to inflationary finance. In the final analysis, as noted by John Maynard Keynes, "(t)here is no subtler, no surer means of overturning...existing basis of society than to debauch the currency" (quoted in Brennan and Buchanan, 1980, p.109)17. Central Bank Independence In light of the aforementioned... | |
 | Tony Buxton, Paul G. Chapman, Paul Temple - 1998 - 612 pages
...investment and disrupting the process of wealth creation.3 As Keynes commented: There is no subder, no surer means of overturning the existing basis of...of destruction, and does it in a manner which not a man in a million is able to diagnose.' (Keynes, 1919) Persistently high government deficits are also... | |
 | Connie Robertson - 1998 - 686 pages
...[Woodrow Wilson! looked wiser when he was seated. 5600 The Economic Consequences of the Peace Lenin was destructlon, and does it in a manner which not one man in a million is able to diagnose. 5601 The End... | |
 | Manfred F. Boemeke, Gerald D. Feldman, Elisabeth Gläser - 1998 - 696 pages
...level alone. As Keyner correctly discerned. Lenin was right when he said that there was no subtler means of overturning the existing basis of society than to debauch the currency.6ti Still. Keynes failed to recall a further doleful insight about the origins of the postwar... | |
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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... 
