John Maynard Keynes on Vladimir Lenin
← Back to John Maynard Keynes Profile
“The way to crush the bourgeoisie is to grind them down between the millstones of taxation and inflation.”
“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. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.”