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A.N. Field (Arthur Nelson) -- The Truth About the Slump (1932)

A.N. Field (Arthur Nelson) -- The Truth About the Slump (1932)

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Published by Spiridovich
Arguably A.N. Field's most famous and popular book, investigating the root causes of the 1929 crash and economic stagnation and laying the blame at the door of the supra-governmental powers which ordain the rowing (successive expanding and contracting) of the paper currency. Argues against the folly of gold-backed currency as subject to manipulation by the same private interests. Criticised in some quarters as "Anti-Semitic" but groundlessly since his case is reasoned and substantiated with many quotations from public documents. The book was republished in several later editions.
Arguably A.N. Field's most famous and popular book, investigating the root causes of the 1929 crash and economic stagnation and laying the blame at the door of the supra-governmental powers which ordain the rowing (successive expanding and contracting) of the paper currency. Argues against the folly of gold-backed currency as subject to manipulation by the same private interests. Criticised in some quarters as "Anti-Semitic" but groundlessly since his case is reasoned and substantiated with many quotations from public documents. The book was republished in several later editions.

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Published by: Spiridovich on Apr 08, 2011
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11/23/2013

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THE TRUTH ABOUT
THE SLUMP
What the News Never Tells
By A
. N
. FIELD
Published by A
. N. FIELD, Okiwi Bay, Croixelles
;
P.O
. Box 154,
Nelson, New Zealand1932
.
ALL
. RIGHTS RESERVED
 
"Democracy
has
no
more
persistentor
insidious foe than the money power, to whichit may say, as Dante said when he reached inhis journey through Hell the dwelling of the
God of Riches, `Here we found Wealth, the
great enemy
.'
That enemy is formidable
because he works secretly, by persuasion or
deceit, rather than by force, and so takes men
unawares
. He is a danger to good government
everywhere
.
"The truth seems to be that democracy hasonly one marked advantage over other govern-
ments in defending itself against the submarine
warfare which wealth can wage, viz
., Publicity
and the force of Public Opinion
.
So long
as Ministers can be interrogated in an
assembly, so long as the press is free to call
attention to alleged scandals and requireexplanations from persons suspected of an
improper use of money or an improper
submission to its influences, so long will thepeople be at least warned of the dangers thatthreaten them
.
If they refuse to take thewarning they are already untrue to the dutiesthat freedom prescribes
."
-The lateLord Bryce in
"Modern Democracies"
(1921)
.

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