One is not the Other

“A thousand volumes a year ooze from dead minds all rendered dull, tangled, useless by the failure to make a few rudimentary dissociations, to distinguish, that is, between capital and property, between gold as deposit, and gold as measure, between demand meaning wish for, and demand meaning power to get it.

“Property is not capital.  The increment of association is not usury.

“Historians have been too lazy to seek the facts, and too bull-witted to understand them.”

-AN IMPACT, 1935


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