In This Autumn Of 1919, In Which

The Markets Are Moved By Animal Spirits, And Not By Reason.

By This Means (fractional Reserve Banking) Government May Secretly And Unobserved, Confiscate The Wealth Of The People, And Not One Man In A Million Will Detect The Theft.

Lenin Is Said To Have Declared That The Best Way To Destroy The Capitalistic System Was To Debauch The Currency. . . 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 Can Diagnose.

But My Lord, When We Addressed This Issue A Few Years Ago, Didn't You Argue The Other Side?" He Said, "that's True, But When I Get More Evidence I Sometimes Change My Mind. What Do You Do?

Should Government Refrain From Regulation (taxation), The Worthlessness Of The Money Becomes Apparent And The Fraud Can No Longer Be Concealed.