"John Maynard Keynes, late economic adviser to the British Government, is the new prophet of inflationism. The "Keynesian Revolution" consisted in the fact that he openly espoused the doctrines of Silvio Gesel. As the foremost of the British Gesellians, Lord Keynes adopted also the peculiar messianic jargon of inflationist literature and introduced it into official documents. Credit expansion, says the Paper of the British Experts of April 8, 1943, performs the "miracle . . . of turning a stone into bread." The author of this document was, of course, Keynes. Great Britain has indeed traveled a long way to this statement from Hume's and Mill's views on miracles."
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Ludwig von Mises, §I of "Stones into Bread, the Keynesian Miracle," ch. 4 of Planning for Freedom and twelve other essays and addresses, Memorial Edition (3rd), (South Holland, Illinois: Libertarian Press, 1952, 1962, 1974; essay originally published in Plain Talk (March 1948)), p. 51.
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