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"By a continuous
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....The process engages all of
the hidden forces of economic law on the side of destruction, and does it in
a manner that not one man in a million can diagnose."
John Maynard Keynes
(1883-1946)
Economic
Consequences of the Peace, 1920
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