by Summary:
In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” This is a rather perspicacious postulation, especially as at the time when Marx formulated it, precious metals — gold and silver in particular — served as money.... Marx an early MMT'er? Mises DailyWhy Marx Loved Central Banks Thorsten Polleit See also This quote would precede Marx and explain his
Topics:
Mike Norman considers the following as important: Karl Marx
This could be interesting, too:
In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” This is a rather perspicacious postulation, especially as at the time when Marx formulated it, precious metals — gold and silver in particular — served as money.... Marx an early MMT'er? Mises DailyWhy Marx Loved Central Banks Thorsten Polleit See also This quote would precede Marx and explain his
Topics:
Mike Norman considers the following as important: Karl Marx
This could be interesting, too:
Robert Vienneau writes William Baumol On Marx
Robert Vienneau writes Francis Spufford On Commodity Fetishism As A Dance
Robert Vienneau writes A Derivation Of Prices Of Production With Linear Programming
Robert Vienneau writes How Ownership Obtains A Return According To Marx
In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” This is a rather perspicacious postulation, especially as at the time when Marx formulated it, precious metals — gold and silver in particular — served as money....
Marx an early MMT'er?
Why Marx Loved Central Banks
Thorsten Polleit
See also
This quote would precede Marx and explain his reasoning, if it is authentic and Marx knew of it. There is no contemporary evidence for a Rothschild saying this, or of Marx being influenced it.
Did Nathan Rothschild really say: "Give me control of a nation's money and I care not who makes its laws."?