The economist John Maynard Keynes wrote: Lenin is said to have declared that the best way to

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The economist John Maynard Keynes wrote:

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.

Justify Lenin’s assertion.

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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