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The financial structure of the American System of economy that Alexander Hamilton had created, which gave the nation the longest and strongest period of growth and prosperity in its entire history, was not inflationary, even when development and growth was written in capital letters. It was a healthy economic system.
On the other hand, the financial structure that was imposed upon Germany after World War One, that enforced a level of looting (called war-reparations) that could not possibly be maintained, was so highly inflationary that the price of everything doubled literally every day. Inflation can never, ever, be controlled by means of conservatism - this approach leads to collapse and anarchy, the very anarchy that brought Hitler to the surface. Inflation can only be controlled by eliminating the looting that drains the productive foundation of society. This looting, currently feeds the fictitious capital markets that have become the biggest Roman circus in history, that might make even Caesar cry, for he would surely understand the insanity involved which is inherently self-destructive to the state and the nation.
The Spanish painter Francisco Goya was sensitive of the insanity that all forms of conservatism represent when he created his series of prints on the theme the Sleep of Reason, the Caprichos. His words ring true, "When man allows his reason to sleep, the creatures of the irrational world control his life; only with the awakening of reason, will these hobgoblins finally disappear."*(The World of Goya 1746-1828, p.108 / Time-Life Books, New York) He was also sensitive to the society's reluctance to deal with its conservatism, which is evident in one of the engraving of that series, titled, "All will fall," for which the caption reads, "And those who are about to fall will not take warning from the example of those who have fallen! But nothing can be done about it: all will fall."*(as above p.110)
We do have the means, however, today, for dealing scientifically with conservatism and avoid anarchy. No one need to fall.
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