Tuesday, 27 December 2016

Isabel Paterson: On The Banditry of Paper Currency

"If a bandit holds up the owner of a motor car at the point of a gun, takes the car, and rides off in it, and then obtains gas, repairs, and whatever else he requires by the same means, what kind of an economy is he running on? If a sufficient number of bandits should seize the whole economy in the same manner, but "legalize" it by compulsion of the courts and legislatures; and if they should also "pay" for what they take in paper currency, in whatever sums they chose, what kind of an economy would it be?”

~ Isabel Paterson in The God Of The Machine

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