Once Doubt Begins It Spreads Rapidly.

Lenin Is Said To Have Declared That The Best Way To Destroy The Capitalistic System Was To Debauch The Currency. . . 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 Can Diagnose.

All Production Is For The Purpose Of Ultimately Satisfying A Consumer.

It Is Preferable To Regard Labour, Including, Of Course, The Personal Services Of The Entrepreneur, And His Assistants, As The Sole Factor Of Production, Operating In A Given Environment Of Technique, Natural Resources, Capital Equipment And Effective Demand. This Is Why We Have Been Able To Take Labour As The Sole Physical Unit Which We Require In Our Economic System, Apart From Units Of Money And Of Time.

I Conceive, Therefore, That A Somewhat Comprehensive Socialisation Of Investment Will Prove The Means Of Securing An Approximation To Full Employment.

...by Combining A Popular Hatred Of The Class Of Entrepreneurs With The Blow Already Given To Social Security By The Violent And Arbitrary Disturbance Of Contract,... Governments Are Fast Rendering Impossible A Continuance Of The Social And Economic Order Of The Nineteenth Century.