by Michael J. Kosares
GoldSeek
“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes, The Economic Consequences of Peace (1919)
[…] (Editor’s note: We first published this review of Jack Whyte’s novel, The Burning Stone, almost two years ago in March 2020. With inflation back at the forefront of investor concerns, we thought it appropriate to reprint it here for our new readers and those who may have missed it. The story is likely to capture your interest. The message Whyte imparts on saving, the value of money and inflation is timeless.)
We sometimes forget that inflation is a process rather than an event. One of the better-known examples of that axiom is the nearly two centuries-long debasement of Rome’s silver denarius – an inflationary episode Jack Whyte, a writer of historical fiction, skillfully addresses in his latest novel, The Burning Stone.