Mises Wire
Author:
Henry Hazlitt
Online Publish Date:
[Newsweek column from September 22, 1947, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.] Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. Lenin was certainly right. The process engages all the hidden forces of economic law on the side of destruction, and does it in