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Positive Money

I want to go on record as saying that I do not support the proposals of the Positive Money movement in Britain, which I feel are being reported on and supported by some of their local press ONLY because they serve Fabian/Keynesian goals of complete government control of the monetary system.

Their proposal for gradual deflation will cause widespread economic harm, since the actual costs of all extant loans will go up steadily, which was more or less the mechanism that initiated our own Great Depression.

Their idea that ANY amount of money printing, particularly by the government, is desirable, flies in the face of my often-repeated contention that all inflation is theft, which I dealt with extensively in my financial treatise.

They are of course correct that banks steal when they print money, and I do support that educational work; but I feel strongly that their proposals, if accepted, would only further undermine a nation that once had the largest Empire the world has ever seen, but which has been in steady decline for nearly a century.