70 Year Magazine Archive

The Challenge of Inflation

by Howard Buffett

Why are we menaced by ruinous inflation? Because, says a former member of Congress, the American people have lost control of a spendthrift government

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“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

JOHN MAYNARD KEYNES

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