"Decentralization will prevent shocks from spreading throughout the system, like firebreaks in the forest."
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"However it has come about, it is more important still that the control of credit also has become dangerously centralized. It is the mere truth to say that the financial resources of the country are no…"
"The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of po…"
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