Sam Bowman’s talk tomorrow at the Rose and Crown has been causing worries for Libertarian Home organiser Simon Gibbs, on account of Meetup not working properly. Simon has become unsure about how many people are going to show up, but urges us all to come anyway. (I definitely intend to.) He ends his report on all this by saying that …:
… the capacity issue sometimes looks tricky on paper, but it rarely is.
My experience, with my last Friday of the month meetings, which take place in a living room which is only about half the size of the room upstairs at the Rose and Crown, is that it is almost mystical how exactly the number of attenders seems always to suit the space available for them. It’s a kind of benign spacial variant of the original Parkinson’s Law. Last Friday, for instance, Dominic Frisby looked like he might be stretching my infrastructure beyond its limits. But then I emailed people to that effect, and there was a bug going round, and the weather turned nasty, the upshot of all that was that the number who showed was just right to fill the room in comfort, and just not enough to cause any discomfort. Amazing.
It’s like we really do not need to be planned or coerced by a central authority, but can just sort things out for ourselves.
Mine was a fairly Bitcoin-savvy gathering, and several of the Bitcoin-savants present have said that they were surprised at how much more they learned, both from Frisby and from each other. I was not one of those experts; I was merely there. For me, the main message I took away from the evening was that Bitcoin, in the opinion of many people, does have real value, because it makes electronic economic transactions far easier. Although some doubts were expressed, nobody present dismissed Bitcoin as a complete fraud and a bubble waiting to just burst and vanish. In general the mood about Bitcoin was very positive, more so than I had expected, and of course even better about the general principle of encrypted currencies generally.
The big news item was that Frisby reckons he has cracked the identity of the founding genius of Bitcoin, a mysterious figure who is currently only known by a Japanese alias. Who is he? Read my Bitcoin book, said Frisby. This will be available some time around late spring or early summer, and I will keep Samizdata posted.
The other thing I will remember about last Friday was that, for complicated reasons involving an NHS kidney operation that suddenly became available (after a huge wait) to his usual back-up canine custodian, Frisby asked if he could bring his dog with him. You don’t want mere attenders bringing dogs. But since the speaker would be the main victim if a dog attended and spoke out of turn, I figured that Frisby’s dog almost certainly would behave exactly as well as promised, and so it proved. Frodo, despite being rather obviously hungry and eager to make friends with potential food providers, behaved impeccably throughout the entire evening. Not a single bark, not one. Again: amazing.
Picture of Frisby and Frodo:
Sam Bowman’s talk tomorrow will be about the idea of a legally fixed minimum wage. The libertarian orthodoxy is that, just as we don’t want or need the government to be organising our social lives or our healthcare, a government-ordained minimum wage is a really bad idea. When I met Sam earlier in the week, this orthodoxy is what he told me he would be reinforcing in his talk, citing some recent evidence.
We also discussed the idea of Sam addressing one of my last Friday of the month meetings later in the year, on the far more contentious subject of “Bleeding Heart Libertarianism”. He is, or such is my understanding, and no doubt with various reservations and qualifications, for it. I am not now totally against Bleeding Heart Libertarianism but am strongly inclined that way. I am far less inclined to leave the definition of Bleeding Heart Libertarianism as the sole property of those now calling themselves its supporters. I also have a very high opinion of Sam Bowman. That should be another good gathering, as and when it happens.
Incoming from Detlev Schlichter. He is back blogging. His second recent posting, the one after the one that just says he’s back, is about Bitcoin. He thinks that the Bitcoin principle, so to speak, even if maybe not Bitcoin itself, has a future:
Central bankers of the world, be afraid, be very afraid!
My own sense is that, just as Schlichter says, the world’s rulers are now stuck in a monetary prison of their own making, from which they cannot now extricate themselves. Quite a few of them understand approximately what is wrong with their current policies, even as many others of these people have no clue. Many others favour the current state of the banking system, because it enriches them even as it impoverishes most others. But even those banker/politicians who do understand what harm they are now inflicting upon the world and would like to stop, don’t know how to. It is one thing to be in a prison and to know that you are in a prison, quite another to escape from the prison.
To switch metaphors from the prison to the hospital, the world’s banking system is now alive rather than dead, but not in the sense that the patient is up and about, playing beach volleyball with its children like a tampon advert woman. It is alive merely in the sense that a terminally ill patient, lying in a hospital bed after a horribly intrusive death-postponing operation, sinking slowly rather than fast, is also alive rather than dead.
Only outside monetary influences, such as Bitcoin or such as variations on the Bitcoin theme, will bring back a world of true money.
The fact that, if you put some of your wealth into Bitcoin, you just might lose damn near the lot is a feature not a bug. Government guarantees that you won’t lose out no matter how unwise your decisions may prove to be are the problem, not the solution.
Schlichter spends quite a lot of his piece denouncing a certain Mark T. Williams, a finance professor at Boston University’s School of Management, but he ends his piece by quoting him again…
If not controlled and tightly regulated, Bitcoin – a decentralized, untraceable, highly volatile and nationless currency – has the potential to undermine this longstanding bond between sovereign and its currency.
… and agreeing with him! That’s a feature rather than a bug.
Welcome back to the blogosphere, Herr Schlichter.
LATER: And as I should have added, I am hosting a talk tomorrow evening about Bitcoin etc., given by Dominic Frisby (that’s Dominic’s thoughts on the recent Bitcoin disaster/price plummet (which Bruce Hoult explained here)). There is not a lot of room left for more would-be attenders, but there is, as of now, some.
One of my favourite, regular visit websites is Dezeen. At least half of the stuff there is of very little interest to me. But, I find myself wanting to look at about a quarter of it more carefully, and a single figure percentage of what it sticks up tends to interest me a lot. That’s a lot of interestingness, when you consider that Dezeen is, as of now, updated several times every day.
In particular, Dezeen often features an interesting new gizmo, news of which can be easily rehashed into one of those ain’t capitalism grand postings that we love to do here, as often as we are able to tear our eyes away from the ghastliness of politics.
So, for instance, today, Dezeen has a description of a supersonic airplane, the distinguishing feature of which is that instead of the airplane having lots of windows for its highly paid passengers to look out of, it instead has cameras recreating the visual effect of looking out, and much more continuously and impressively than is possible when you are relying on real windows. Like this:
Quite how exactly this arrangement fakes the real experience of looking out of a continuous window shaped like that, I do not know. Will 3D effects be involved? But considering that the faster an airplane goes (this one is intended to be very fast indeed) the more expensive it becomes to carve windows into it, and considering that the cost and bulk and weight and quality both of cameras and of screens are all variables that are moving in exactly the right directions, this struck me immediately as one of those “Why did I not think of this?” ideas. By that I do not mean that I could do the actual work of contriving such an airplane, merely that I ought to have realised far sooner than today that other much more engineering-savvy people than I would very soon be talking in public about such notions, and that they presumably have been doing this for quite some while, without me noticing it.
I would further assume that the structural benefits to having an airplane which does not have a lot of quite large holes scattered all along its fuselage must be considerable. Yes:
“It has long been known that the windows cause significant challenges in designing and constructing an aircraft fuselage. They require additional structural support, add to the parts count and add weight to the aircraft,” said the company.
On the other hand, if what is required inside the airplane is concentration on the job to be done when the airplane has landed, as might well be the case, then other imagery can go in the “window” instead. Or, presumably, no imagery at all.
Relying on cameras for a task like this means that if the worst happens and the cameras all go haywire, nobody dies. A few people merely have a somewhat less amusing trip than they might have been anticipating. Do the pilots have an actual window in front of them? That might be wise, but maybe not.
Whatever the details are, and indeed whether or not this particular airplane ever gets anywhere near taking to the air, I’m impressed. And talking of people who are much more engineering-savvy than I am, I wonder what our commentariat thinks about this notion.
Academic freedom once meant protection from politics; now it means protection for politics.
- Peter Wood, quoted earlier today by David Thompson.
Many of us libertarians complain about how our anti-libertarian adversaries seem to do so appallingly well in attracting support from celebrities, and most particularly from showbiz performers. I agree with what Johnathan Pearce said here about this yesterday. Showbiz people are and should most definitely remain entirely entitled to express their opinions about politics or about anything else. But, they must then be willing then to be criticised by those who don’t agree with what they say, just like any other opinion-monger. JP makes a point of mentioning by name some showbiz people whose thinking he admires, which is also good. But I often hear other libertarians indulging in blanket condemnations of the thought processes of all showbiz people, declaring them to be inherently less capable than others of thinking clearly and arriving at wise political ideas. They then go on to curse the world for paying so much attention to these terrible people.
Quite aside from the obvious fact that many showbiz people are very smart, this is a tactically very silly way to think and talk. Showbiz people have at the very least demonstrated their expertise in communicating, in engaging with audiences. Many of the curses aimed by libertarians at showbiz people whose political views they do not agree with sound to me more like sour grapes than serious argument. Most such complaints would surely cease if we libertarians were to start attracting showbiz people to our cause in serious numbers. Meanwhile, if we think that showbiz people typically proclaim bad political ideas, then our task is to persuade such people to think better and to proclaim better ideas, rather than us merely moaning that such people somehow have no right to be heard opining at all, about anything except showbiz. Maybe it is in some ways true that celebrity opinion-mongers shouldn’t be paid attention to, as much as they are. But they are, if only because being paid attention to by lots of people is the exact thing that these people specialise in being very good at. Maybe people are foolish to get their foolish political ideas from politically foolish showbiz people. But many do. Whether we like it or hate it, recruiting at least a decent trickle of showbiz people is a precondition for us achieving any widespread public acceptance of our ideas.
I also believe that showbiz people may have quite a lot to teach us about how to present our ideas persuasively.
The above ruminations being all part of why I find Dominic Frisby such an interesting and appealing individual. He is an all round actor and entertainer and voice-over guy, and he is in particular an experienced and successful stand-up comedian. He is also a libertarian, and he has recently written a book called Life After The State, which I have recently been reading. I think it is very good, and I have already given it and its author a couple of admiring mentions here.
On the back cover of Life After The State, Guido Fawkes says:
Things are so bad that in our time only a comedian can make sense of an economy based on printing money.
This makes Frisby sound like a British P. J. O’Rourke, which is to say a writer who uses politics to get laughs, and laughter as a way to think about politics. But although it is true to say that Frisby is a comedian who writes about politics, he does not write about politics to get laughs, or even make much use of laughter to get attention for what he writes. The comedy experience that Frisby has brought with him to this new and distinct task is the experience of having to make himself clear and to hold the attention of an audience. If a comedian’s audience loses track of or interest in what a comedian is saying, it won’t get his jokes and it won’t laugh. But what Frisby wants with this book is not laughter, but to be understood. There is plenty of wit. There are plenty of felicitous phrases and nail-on-the-head, SQotD-worthy sentences. But a laugh a minute this book is not.
So, if Frisby is no longer playing the comedian when writing his book about the state of the world and about why the state of the world would be better if there was less statism in the world, what kind of arguments does he present, and how does he present them?
There was a big clue in the talk I recently heard Frisby give at the Institute of Economic Affairs, the one I mentioned here in this earlier posting. In the course of this talk, Frisby described himself as a “bleeding heart libertarian”.
Now there’s a phrase to raise Samizdatista hackles, to cause rats to be detected, red rags to be charged at. The suspicion here will be that anyone who self-identifies as a bleeding heart libertarian is not really any sort of libertarian at all, and probably more like a traitor in our midst. I have not read enough from other self-identified bleeding heart libertarians to know how true or fair such accusations are. (That link is to a piece at Counting Cats, but it is by a regular commenter here, “Julie near Chicago”.) What I definitely can report is that the particular bleeding heart libertarian who is Dominic Frisby is definitely not guilty in the way that this label might here cause him to be charged.
Frisby starts out, in Life After The State, by describing what is wrong with the world, the kind of sufferings it contains, the kind of wrongs in it that ought to be righted. There is huge inequality, not just in matters of what people get paid for the work they do, but in things like healthcare and education. What the wrong kind of bleeding heart libertarian presumably argues, or is accused of arguing, is that because poverty is terrible and because poor people ought to get better healthcare and education than they do now, and because all decent people want the best not just for themselves but for people generally, and especially for the poor and the unlucky, well, that means that we need to soften our line on such things as state welfare, state education, the national health service, and the like. But what Frisby says is that because people at the bottom of the heap ought to get better chances in life than they now get, that is why unswerving and principled libertarianism is the absolute right thing, no ifs no buts. He doesn’t word it quite as belligerently as that. He does not constantly italicise, the written equivalent of banging the table. He is Dominic Frisby. I am merely me. But I trust I am clarifying the distinction that I am trying to clarify.
All of which is central to the project of persuading people generally, and showbiz people in particular, to become libertarians. Showbiz is full of people who want all that is best for everyone, but who are, as part of all that, very wary of aggressively eloquent rationality. (Typically, this is how their villains talk.) What they want to know is whether your heart is in the right place. Do you even have a heart? If you do, does it ever bleed? Yes, yes, we hear what you think. But what do you feel, and what do you feel about what others feel? Do you want the best for everybody, or do you merely want the best for your nasty, boring little self and your nasty, boring friends?
For well over a century now, that particular brand of collectivists called socialists has done a brilliantly successful job of convincing people generally and showbiz people in particular of socialism’s niceness. Socialism, say the socialists, is about wanting what is best for everyone. Socialism’s opponents may be all very clever and rationalistic and skilful at advancing their own arguments and interests, but they are all of them heartless, uncaring bastards, at best deluded. As a result of this relentlessly successful line of argument, millions of people who really do want the best for everyone have flocked towards socialist banners. Yes, many socialists have been cynical and manipulative, and more like the kind of people that most socialists complain about. But, say the other socialists, bad socialists like that are bad because they betray socialism, they fail to do socialism. They are traitors to the cause. Socialism could never have had the colossal and colossally damaging impact that it actually has had, if the leading socialists had all come across as mere schemers and contrivers and arrangers with no hearts, and still less if all the other socialists attracted to the cause were like that also.
Dominic Frisby’s father was the noted playwright Terence Frisby, and Terence Frisby was himself a socialist. But the thing that is wrong with socialists like Terence Frisby is absolutely not that their hearts bleed. They want a kinder, more generous, more fair, more comfortable and more entertaining world, especially for those who are now very poor and very unlucky, and good for them. Their folly is in supposing that the way to contrive these outcomes is for socialism to be inflicted upon the world, and for freedom to be done away with.
In short, Dominic Frisby is both a nice guy and a clever guy, and a notably effective and significant contributor to the libertarian cause. When some of his many showbiz friends take a look at his book, as some of them surely will, they may find themselves surprised at how much they agree with what it says.
Learn more about Frisby and his ideas by exploring his website, by reading his stuff, and watching some of his video performances and creations.
Or, be at my home in a week’s time, on the 28th of this month, when Dominic Frisby will be giving a talk on the subject to which his second book will be devoted, namely Bitcoin, crypto-currencies, etc. Confusingly, a lady called Dominique was to have been my speaker that evening, but she had to postpone and will now be speaking at my last Friday gathering on May 30th. Meanwhile, February 28th turned out to be a date that was just right for Dominic, because he is now eager both to find further readers for his first book and to sign up members of the crowd which will be crowd-funding the publication of his second book.
The crowd-funding of books, especially of books intended to persuade rather than just to entertain, being a subject that deserves an entire posting to itself.
There is a theory that suggests to be good at business you must be hard nosed, ruthless, dishonest and fight for everything. It essentially suggests that business is a form of warfare carried out by individuals against each other where the winner takes all. It states that if you’re not tough enough you shouldn’t get involved in ‘business’.
This I have learnt is complete bollocks. Yes, there are bastards out there – lots of them. But the essence of good business is cooperation and honesty. It’s about finding and working with decent and honourable people. Men and women who value what you do, pay you on time, go that extra mile for you and want to achieve the same things as you.
You can, if you desire, swim with the sharks. You may even become the biggest shark. But most of the time you will end up swimming round in circles wasting time, money, resources and energy on people who simply don’t deserve that time. And certainly aren’t paying you a fair rate for it. These people will stop you achieving your goals and add no value to your life or your business.
My advice is simple. Be the good guy or gal, fight clean and keep away from the time wasters, charlatans and arseholes.
- Rob Waller
Be warned that this is not one of those “now read the whole thing” postings. That is the whole thing, apart from the title (“On Swimming with Sharks”) and the words “end of sermon” at the very end. And now you have those words here also.
It is a routine complaint about modern life that “we” now have far too many gadgets for our own good, and maybe some of us do. (I just googled too many gadgets and got “about 150,000,000 results”.)
But then again, have a read of this, by blogger “6000″, who now lives in South Africa, about his last conversation with his beloved uncle Alan, who died yesterday in a hospital in the Isle of Man:
My brother had been over to see him on Saturday and while I wish that I could have been there too, I enjoyed a 20 minute conversation with him over Skype. My last memory of my Uncle Alan will be his disbelief at the technology in front of him as I showed him Cape Agulhas lighthouse and the turquoise Indian Ocean. He always loved anything to do with the sea. We even shared a joke or two. It might not have been the same as actually being there with him, but for me, it was a special moment – even more so now – and I hope that for him, it was a bit of escapism from his hospital bed.
The way to judge the value and impact of a new technology is not to look at the typical or average uses of it, but at its most meaningful and significant uses. Yes, modern toys are routinely used to exchange trivial chit-chat of no great significance. But so what? Where’s the harm in that? Even supposedly insignificant chat often means something very significant to those doing the chatting, even if some nosy eavesdropper with nothing better to do than moan about other people’s conversations might not be so diverted by it. I imagine that if you had been listening in on 6000 and his uncle last Saturday, you might not have been that amused. Like I say: so what?
And nor should “we” be badgered into looking only at the bad things that new technology can do, or help people to do. Yes, some of the newly enabled chit-chat is significant because it is malevolent. Modern toys are indeed used to do bad things, and to conspire to do other bad things. And airplanes incinerated cities. Cars have long been used to make getaways after bank robberies. Trains took innocent people to murder camps and soldiers to be slaughtered in wars. Sailing ships were used by pirates. Money gets stolen, and is then used to finance other crimes.
But are the facts in the above paragraph convincing arguments against the very existence of laptop computers, Skype, smartphones, airplanes, cars, trains, sailing ships or money? No. The good done by new technology when used by good people to do good things is by far its most significant consequence. Long may this continue to be true.
“But what is it about my argument that they find so objectionable?” I’ve often asked myself. “What exactly is so evil about arguing, say, that schools should teach kids rigorously, or that climate scientists should do more science and less political activism, or that bigger government only perpetuates the power of a corrupt elite at the expense of ordinary people?”
And the conclusion I’ve long since reached is that there are some people out there who you’re simply never going to reach through logic or sweet reasonableness or basic courtesy. These people will always hate me – and those who think like me – as a matter of fundamental principle. It’s an ideological clash of total opposites: tyranny v liberty; poverty v prosperity; hysteria v reason; the state v the individual; misery v happiness.
So in what way, may I ask, would it be a sensible policy to halve the difference between those two extremes in order to reach some kind of “reasonable” consensus?
It’s what I call the ‘Dogshit Yoghurt Fallacy’.
On one side of the argument are those of us who think yoghurt works best with a little fruit or maybe just on its own. On the other are those who believe passionately that what yoghurt really needs is the addition of something more earthy, organic, recycled – like maybe a nice scoop of dogshit.
Now you can call me a dangerous extremist if you like, for refusing under any conditions to accommodate the alternative point of view. Or you could call me one of those few remaining brave souls in a cowardly, compromised world still prepared to tell it like it is: that dogshit into yoghurt simply doesn’t go, no matter how many expert surveys you cite, nor how eco-friendly it shows you to be, nor how homeopathic the dosage.
- James Delingpole, in a piece entitled Andrew Breitbart’s War Comes To Britain, explains why he has become the new Executive Editor of Breitbart London.
Also recommended, by Delingpole for Breitbart: 10 Lefty Lies About The Floods Which Have Devastated Britain.
Deference is encouraged by having to take it on trust that the obscure means something important.
- Mick Hartley quotes Jonathan Glover. Glover was writing in particular about Martin Heidegger. But as Hartley makes clear, this habit proved to be very catching, particularly in France.
See also the posting below, about the influence of German thinking.
Last Thursday, exactly a week ago, there were two speaker meetings occurring in London, both of which I wanted to go to, both addressed by Samizdatistas.
I picked the one at Christian Michel’s home, addressed by Philip Chaston, who talked about various efforts by English science fiction writers to talk up apocalyptic threats to mankind, such as climate threats and invasion threats of various kinds, by writing stories about such things actually happening. It was a very good talk. But because of attending that talk, I missed the talk given by Paul Marks to Libertarian Home that same evening, about the influence of Germanic thought upon the English speaking world.
My journey through tube-strike-deranged London to Philip’s talk looked like being – and in fact was – easier than the journey to Paul’s talk might have been, but I do confess that the biggest reason I chose Philip’s talk was my guess that Paul’s would soon be viewable on video. That guess has now been proved right. The talk only lasted a little over twenty minutes, and I highly recommend it. For those allergic even to that much video, Simon Gibbs has also appended some admirably detailed notes on what Paul said.
The big thing I want to add to what Paul Marks said is to emphasise the extreme importance of the subject he chose to talk about. Because of how the Germanic version of state-worship eventually turned out in the twentieth century, the Anglo-Saxon world has ever since been understandably embarrassed by how huge had been Germany’s intellectual and political influence upon it. The entire episode is well on the way to being forgotten by all but a few libertarians, of the Paul Marks variety. Yet for several decades, the military prowess of Prussia and then of the greater Germany that was assembled around Prussia, seemed to many like a crushingly effective argument for statism and against liberty. Even Germany’s World War One war effort, eventually an utter failure, was still a mightily impressive effort while it lasted. Both those who admired Germany’s intellectual and political notions and those who hated them believed such things to be necessary for national success. To put it another way, even those who hated Germanic political culture also feared it, and regarded it as something that simply had to be copied, rather as there was a similarly misguided little spurt of enthusiasm in the West for the methods of the Sputnik-era version of the USSR. But the urge to copy Germany went on for far longer and was far more strongly felt and defended and argued for. Germanic thought became dug into Anglo-American academia, for example, and the consequent intellectual poison has yet to be purged.
While most others prefer to forgot this story, we libertarians have everything to gain from keeping the memory of all this very much alive. We should all pay attention to the tale Paul told last Thursday, and be passing it on to everyone we argue with about both the attractiveness and the effectiveness of the freedom idea, in contrast to the kinds of ideas that deranged nineteenth and twentieth century Germany, and which are still deranging the world because of Germany’s earlier example.
As I often like to say and to write, if I don’t regularly quote me, who else will? And once upon a time, I wrote (on page 4, left hand column, of this), in a paragraph about the many different ways there are to be an effective libertarian, this:
Or perhaps you contribute crucially to the cause simply by (a) calling yourself a libertarian when asked what you are but not otherwise, and (b) being a nice person in all other respects. By merely proving that libertarianism and decency can cohere in the same personality, you will be a walking advertisement for the cause, as I might not be.
Now I don’t want to accuse Frank Turner of regarding himself as a member of any sort of political team, any sort of promoter of a “cause”. He is first and last a musician and an artist, not “a libertarian”. But the more I learn about this man (and thanks to Google sending me emails whenever anyone mentions him I have been learning quite a lot about him lately), the more he strikes me as the living embodiment of the above notions. It’s not that he is incapable of arguing his political corner. Merely that, on the whole, he prefers not to, and just to get on with his work and his life.
Consider this Frank Turner interview piece by Anna Burn, published today by Cherwell.
Near the beginning, Burn writes of the “clear tension” between Turner’s “old, anarchist politics and his new libertarianism”. And at the end of her piece, she writes this:
“People have historically been quite rude about rock and roll as serious art,” he says. “To me rock and roll is proper art, but it’s also disposable art, it’s adolescent art. What’s great about rock and roll is that it’s music about being young and pissed on a beach and getting your first kiss and then dancing until dawn. Sometimes people want to make rock and roll into this high art and I love it because it’s low art. It’s almost a sort of Liechtenstien thing. It’s pop art.” He grins wryly, seeming pleased with the pun. “All my influences are rock and roll.”
And with that last declaration, we’re done. As we’ve been talking he’s been putting his coat back on so that he can dash down to catch a train to London and film his tribute to Pete Seeger for Newsnight. For a man who’s on his longest break from touring in seven years, he’s still remarkably busy, and yet he can still spare a few minutes to chat to a student newspaper.
As he runs down the stairs, I realise that this is why he is a true folk singer – he’s open to everyone prepared to engage with his work, and he makes it worth their effort.
Note the Pete Seeger reference. This is not a man who allows a thing like politics to get between him and an admired fellow musician. See also Billy Bragg.
The paper money of the Soviet Republic supported the Soviet Government in its most difficult moments, when there was no possibility of paying for the civil war out of direct tax receipts. Glory to the printing press! To be sure, its days are numbered now but it has accomplished three-quarters of the task. In the archives of the great proletarian revolution, alongside the modern guns, rifles, and machine guns which mowed down the enemies of the proletariat, an honorary place will be occupied by that machine gun of the People’s Commissariat of Finance which attacked the bourgeois regime in its rear – its monetary system – by converting the bourgeois economic law of money circulation into a means of destruction of that same regime and into a source of financing the revolution.
- Bolshevik economist Evgeny A. Preobrazhensky, in his booklet entitled Paper Money during the Proletarian Dictatorship, published in 1920.
Quoted by Dominic Frisby in Life After The State (p. 92).