By a continuous process of
inflation, governments can confiscate, secretly and unobserved, an important part
of the wealth of their citizens. By this method, they not only confiscate,
but they confiscate arbitrarily; and while the process impoverishes many, it
actually enriches some....The process engages all of the hidden forces of
economic law on the side of destruction, and does it in a manner that not one
man in a million can diagnose." - John Maynard Keynes
Economic Consequences of the Peace, 1920
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