Card V-3: JOHN MAYNARD KEYNES – By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

Series V · Card 3 of 21 · THE MINE

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

JOHN MAYNARD KEYNES · ECONOMIC CONSEQUENCES OF THE PEACE · 1919

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Source

“The Economic Consequences of the Peace”, 1919, ch. VI

Open source · gutenberg.org ↗

About the author

British economist (1883–1946). Founder of Keynesian economics. His ideas shaped modern macroeconomic policy — and remain the intellectual counterpoint to sound money thinking.

The question on the back

Would you notice someone quietly taking from you?