Vladimir Lenin Quotes
The best way to destroy the capitalist system is to debauch the currency.
Nikolai Lenin, 1870-1924, Russian Communist Premier, Quoted in John Maynard Keynes, The Economic Consequences of the Peace, 1920
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Conservatives are surprised to learn that their great economic nemesis was one of the early economists who saw the danger of paper money and government control over the minting of money which is one of their core concerns.
At the time the United States was on the Gold Standard and all our money was backed by gold. Root and others were afraid that a Federal Reserve Bank, a proposal that was being debated in Congress, would cause a large amount of paper money to be printed which other nations would obtain through trade and then exchange that for American gold—a process which would deplete the American gold supply. A few years before, William Jennings Bryan had argued that the Gold Standard did not allow America sufficient ability to increase the money supply to serve the growing population and economy. See {640992}.
This first meeting was held in a girls’ school. One of the delegates was a young library assistant and school teacher, Mau Tse Tung.
Vladimir Ilyich Ulyanov, better known by his alias Lenin, was a Russian revolutionary, politician, and political theorist. He served as the first and founding head of government of Soviet Russia from 1917 to 1924 and of the Soviet Union from 1922 to 1924. Under his administration, Russia, and later the Soviet Union, became a one-party socialist state governed by the Soviet Communist Party. A Marxist, he developed a variant of this communist ideology known as Leninism.
