“One of the methods of extracting colossal profits used by monopolists is that of buying state loan bonds, and of getting interest on them. The greater the quantity of bonds issued by a state - that is, the greater the amount of national debt - the greater profits the monopolists extract. The money that a bourgeois state receives from state loans goes, either openly or through some secret channels, to the capitalist magnates, and is used for the expansion of military production” National Debt Book:The Basic Economic Law of Modern Capitalism Source: The Basic Economic Law of Modern Capitalism
“The absolute impoverishment of the working class and other toiling masses is expressed in the continuous decline of real wages [purchasing power] - that is, in the reduction of the amount of material values which the working people can buy with their money income” Purchasing PowerReal Wages Book:The Basic Economic Law of Modern Capitalism Source: The Basic Economic Law of Modern Capitalism