THE BOOK THAT MEETS THE CRISIS
THERE is a fundamental evil of which the convulsion of war is but thedramatic manifestation and of which the nations must be purgedbefore reconstruction can begin.
THIS EVIL IS THE ECONOMIC SIN OF ISSUING MONEYWITHOUT BACKING IT.
Billions upon billions of such unbacked money units are being createdby governments and injected into the money stream. This has thesame effect upon the politico-economic system as water has upon thefood value of milk - it thins it until it will no longer sustain thebusiness system. Hence we are developing economic anemia which isapproaching the crisis of world-wide inflation and monetary collapse. The obvious remedy is to back money. How can this be done? Theonly way is for the issuer to be prepared to give value in exchange forit when tendered. To do this, a money issuing government must gointo the production of goods and services, just as Russia is doing,otherwise it produces inflation and perverts business. The so-called capitalist governments are destroying business byissuing unbacked money. The Russian government backs its moneybut prohibits free enterprise. Must business be destroyed by oneprocess or other? By no means. We now have
"the book that meetsthe crisis."
PRIVATE ENTERPRISE MONEY is the first book to master the subject of money and thus solve the capitalist-collectivist enigma. It shows thatmoney is necessarily perversive as a political instrument and that toescape both inflation and communization its issuance must be theexclusive prerogative of private enterprisers who can back their issueswith goods and services and thus maintain a sound end stable moneysystem and once and for all remove the threat of communization. The whole issue between private enterprise end communism turns onthe decision whether money shall issue from private enterprise orfrom government. The die is cast when choice is made between thesealternatives. Accept the political money system (as we have up tonow) and inflation must come, with collectivism the only escape.