I Am Trying To Re-shape And Improve

An Investor Who Proposes To Ignore Near-term Market Fluctuations Needs Greater Resources For Safety And Must Not Operate On So Large A Scale, If At All, With Borrowed Money.

I See, Therefore, The Rentier Aspect Of Capitalism As A Transitional Phase Which Will Disappear When It Has Done Its Work. And With The Disappearance Of Its Rentier Aspect Much Else In It Besides Will Suffer A Sea-change. It Will Be, Moreover, A Great Advantage Of The Order Of Events Which I Am Advocating, That The Euthanasia Of The Rentier, Of The Functionless Investor, Will Be Nothing Sudden, Merely A Gradual But Prolonged Continuance Of What We Have Seen Recently In Great Britain, And Will Need No Revolution.

It Is Better That A Man Should Tyrannize Over His Bank Balance Than Over His Fellow-citizens.

Thus Those Reformers, Who Look For A Remedy By Creating Artificial Carrying-costs For The Money Through The Device Of Requiring Legal-tender Currency To Be Periodically Stamped At A Prescribed Cost In Order To Retain Its Quality As Money, Or In Analogous Ways, Have Been On The Right Track; And The Practical Value Of Their Proposals Deserves Consideration.

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