There Is No Intrinsic Reason For The

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. The Sight Of This Arbitrary Rearrangement Of Riches Strikes Not Only At Security, But At Confidence In The Equity Of The Existing Distribution Of Wealth.

I Find Myself More And More Relying For A Solution Of Our Problems On The Invisible Hand Which I Tried To Eject From Economic Thinking Twenty Years Ago.

The Introduction Of A Substantial Government Transfer Tax On All Transactions Might Prove The Most Serviceable Reform Available,with A View To Mitigating The Predominance Of Speculation In The United States.

Perhaps It Is Historically True That No Order Of Society Ever Perishes Save By Its Own Hand.

The Power To Become Habituated To His Surroundings And Therefore To No Longer Be Grateful For What Is Good In It Is A Marked Characteristic Of Mankind And Needs To Be Fought Against If A Person Is To Be Happy.