John Maynard Keynes [1883-1946] QUOTE: John Maynard Keynes, on how a socialist government can steal the wealth of its working class by fueling inflation just 2-3% a year: By a continuous 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 confiscate arbitrarily; and while the process impoverishes many, it actually enriches some.... The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose.
Posted on: Thu, 27 Mar 2014 14:35:04 +0000
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