PRIVATE ENTERPRISE MONEY
THE BOOK THAT MEETS THE CRISIS
HERE is a fundamental evil of which the convulsion of war is
but the dramatic manifestation and of which the nations must be
purged before reconstruction can begin.
THIS EVIL IS THE ECONOMIC SIN OF ISSUING
MONEY WITHOUT BACKING IT.
Billions upon billions of such unbacked money units are being
created by governments and injected into the money stream. This
has the same effect upon the politico-economic system as water
has upon the food value of milk - it thins it until it will no longer
sustain the business system. Hence we are developing economic
anemia which is approaching the crisis of world-wide inflation and
The obvious remedy is to back money. How can this be
done? The only way is for the issuer to be prepared to give value
in exchange for it when tendered. To do this, a money issuing
government must go into the production of goods and services,
just as Russia is doing, otherwise it produces inflation and perverts
The so-called capitalist governments are destroying business
by issuing unbacked money. The Russian government backs its
money but prohibits free enterprise. Must business be destroyed
by one process or other? By no means. We now have "the book
that meets the crisis."
PRIVATE ENTERPRISE MONEY is the first book to master
the subject of money and thus solve the capitalist-collectivist enigma. It shows that money is necessarily perversive as a political
instrument and that to escape both inflation and communization
its issuance must be the exclusive prerogative of private enterprisers who can back their issues with goods and services and
thus maintain a sound end stable money system and once and for
all remove the threat of communization.
The whole issue between private enterprise end communism
turns on the decision whether money shall issue from private enterprise or from government. The die is cast when choice is made between these alternatives. Accept the political money system (as we
have up to now) and inflation must come, with collectivism the only
escape. Adopt the private enterprise money system, and private
enterprise and stable money must prevail.
Federal Reserve Note. Worth nothing.
Backed by nothing.
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