...basis of society than to debauch the currency. By a continuing process of inflation, (credit usage) governments can confiscate secretly and unobserved, an important part of the wealth of the citizens. The process engages all of the hidden forces of economics on the side of destruction...

...published in 1920, the British economist was not quoting Lenin. He simply remarked at one point that Lenin "is said to have declared that the best way to destroy the Capitalist System is to debauch the currency." Then he went on himself to point out that "by a continuing process of...

...Development Institute 1 The Effect of Inflation on Transition Economies Itzhak Goldberg The World Bank Lenin is said to have declared that the best way to...the capitalist system was to debauch the currency, destroy the currency. By a continuing process of inflation, governments can confiscate, secretly and...

...G (written c. 1672; published 1 908). INFLATION 1 The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secetly and unobserved, an important part of the wealth of their citizens. IOHN MAYNARD KEYNES (1883-1946),...

...that, "without inflation, neither Lenin nor Mussolini nor Hitler could have come to power." Lenin knew "that the best way to destroy the capitalist system was to debauch the currency." Germany provides a tragic example of the economic devastation that inflation can bring upon a country....

...uses quotation marks, but provides no source. Schumpeter may have been thinking of Keynes, who wrote, "Lenin is said to have declared that the best way...the capitalist system was to debauch the currency." Keynes went on to add, "Lenin was certainly right. There is no subtler, no surer means of overturning...

...himself, Professor D'Alauro could not help recalling that Keynes himself had endorsed Lenin's view that "the best way to destroy the capitalist system was to debauch the currency".1 SERGIO ALESSANDRIA pointed out some problems which had been raised by the debate over the...

...allerdings leider auch keine eindeutige Gewißheit über die tatsächliche Urheberschaft gibt: ,J.enin is said to have declared that the best way to destroy...the capitalist System was to debauch the currency (...). Lenin was certainly right (...)." (Das Zitat stammt nach Wolls Angaben aus: Keynes, John Maynard:...

...philosophers of Russia. (ECP, 150) Keynes has a very particular "bloodthirsty" philosopher in mind here: "Lenin is said to have declared that the best way...the capitalist system was to debauch the currency" (ECP, 148). The construction is a give-away: "Lenin is said to have declared. . ." We are in the territory...

...John Maynard Keynes made the case for the stability of money in a characteristically forceful way: Lenin is said to have declared that the best way to...the capitalist system was to debauch the currency. [...] Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis...