On Mon, May 4, 1998 at 12:09:36 (EDT) Jay Hecht writes:
>Where, and in what year did Lenin say:
>
>"Debauching a currency is the surest way to ruin an economy."
>
>Also, did Marx or Lenin have any specific comment about inflation and its
>causes?
Well, it would have to be before Keynes wrote in the *Economic
Consequences fo the Peace*:
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 is able to diagnose.
I don't know if Lenin actually said this, or if it was just something
popularly attributed to him.
Bill
