By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
—
John Maynard Keynes, The Economic Consequences of the Peace (New York: Harcourt, Brace, and Howe: 1920), p. 92.
:::Keynes knew exactly what the private Federal Reserve’s policy of inflation would accomplish. I felt the need to post this quote/fact after watching Adam Kokesh interview one of the #OccupyDC statists, who claimed that “inflation doesn’t hurt the poor” but rather “helps the working class”. Insanity:::
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#inflation#governments#confiscate#secretly#unobserved#theft#citizens#statists#John Maynard Keynes#Economic Consequences of the Peace#truth#critical thinking#AdamVSTheMan#Adam Kokesh#OccupyDC#OccupyDC#freedom#liberty#voluntaryism#voluntaryism#non-aggression principle#the poor#working class#insanity#cognitive dissonance
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