Islam, The Third In Historical Sequence Of

Each Central Banksought To Dominate Its Government By Its Ability To Control Treasury Loans, To Manipulate Foreign Exchanges, To Influence The Level Of Economic Activity In The Country, And To Influence Cooperative Politicians By Subsequent Economic Rewards In The Business World.

Inflation, Especially A Slow Steady Rise In Prices, Encourages Producers, Because It Means That They Can Commit Themselves To Costs Of Production On One Price Level And Then, Later, Offer The Finished Product For Sale At A Somewhat Higher Price Level. This Situation Encourages Production Because It Gives Confidence Of An Almost Certain Profit Margin.

Thus, The Use Of Fiat Money Is More Justifiable In Financing A Depression Than In Financing A War.

In Addition To Their Power Over Government Based On Government Financing And Personal Influence, Bankers Could Steer Governments In Ways They Wished Them To Go By Other Pressures.

Instead, The Two Parties Should Be Almost Identical, So That The American People Can Throw The Rascals Out At Any Election Without Leading To Any Profound Or Extensive Shifts In Policy.