John Maynard Keynes: Debauchery of Currency
on Sunday, September 30, 2012John Maynard Keynes on Basis of Society and how to overturn the currency of a free society by controlling value of money and controlling it.
“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency” — John Maynard Keynes
Share the John Maynard Keynes Money quote image above on your site:
Short Link to this Quote:
In this quote, John Maynard Keynes is referring to the damaging effects that irresponsible monetary policies can have on society. When “currency” is “debauched”, it means the money supply and value of a currency is mismanaged in some way, such as through excessive money printing or inflation.
Keynes is suggesting that allowing currency to severely lose value in this manner is one of the most effective, though subtle, ways to undermine and “overturn the existing basis of society.” When people cannot rely on their money retaining worth, it destabilizes the entire economic system and social order that formed around that currency.
So in essence, Keynes is warning of the revolutionary consequences that can arise from a breakdown in sound fiscal governance and oversight of a nation’s money.