Labour and the Moneyed Man (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Labour and the Moneyed Man

Of the pre-war price I I need not ask why these stocks have gone down in this way the reason is only too well known, and it is equally well known that Stock Exchange securities do not go down owing to the war. Nothing is SO in different to war and death and casualties as a Stock Exchange security. The secret Of the fall is the simple fact that the State, when money was worth only promised and after wards even higher rates for the money required. And I contend that - ignoring for the moment the grim fact that the citizen has had to pay these rates so much higher than was necessary in these times of stress - the Stock Exchange holders themselves are heavier losers under this system Of roundabout depreciation than if the State had commandeered 2 5 Of all the securities involved.

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