Quotessence
Home / Quotes / Quote by Mokokoma Mokhonoana

Quote by Mokokoma Mokhonoana

“The real purpose of the opposition is to minimize the amount of money the ruling party will have stolen from the people at the end of its term.”

Quote by Mokokoma Mokhonoana

Create image

Author

Mokokoma Mokhonoana

Browse famous quotes and profile details for Mokokoma Mokhonoana. more

You May Also Like

“A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy. Thus inflation becomes the most important psychological resource of any economic policy whose consequences have to be concealed; and so in this sense it can be called an instrument of unpopular, i.e. of anti-democratic, policy, since by misleading public opinion it makes possible the continued existence of a system of government that would have no hope of the consent of the people if the circumstances were clearly laid before them. That is the political function of inflation. It explains why inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.”

FreedomMoneyCapitalismEconomics
Book:The Theory of Money and Credit
Create image