[Marxism] Who Said ?Debauch the Currency?: Keynes or Lenin?

[Michael Perelman]

Yes, but he changed his policy with changing conditions. Inflation was not 
a concern during the Depression. It was also hard for him to switch from 
conventional concern about prices to worrying about unemployment.



On Tue, Jun 02, 2009 at 11:18:29AM +0000, farmelantj at juno.com wrote:
> 
> Wasn't "debauching" the currency something
> that Keynes explicitly advocated as
> a way for cutting real wages while
> leaving money wages untouched, so not
> exciting opposition from workers?
> 
> Jim F.
> 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com