Come on now, let's not deny the bank of England, or the bank of Canada, from which I have a letter stating the same fact as the policy paper above provides.

Money = debt. This scam was first perpetuated in Canada, in 1974, at which time they had under 20 billion in debt. Now they have over 800 billion. And the debt clock NEVER goes down folks. And that is how the bankers take real property.

From people and governments.

Pay the cost of your own slavery indeed. Speculate that the quote ain't true all you want. The message is pure truth.

"Even as conservative an economist thinks some inflation of the money supply is good & necessary."

Of course inflAtion is the basis for the money scam in this pyramid scheme called modern banking. We KNOW FOR FACT that money is created ( inflation) as debt. And it is a necessary part of this modern monetary scam. New money to pay old debt = new debt and it all eventually turns into austerity.

"Money creation in the modern economy.

By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.(1)

"In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."

Your comment does not rebut the issue....It simply reflects on the facts.

The decrease in purchasing power incurred by holders of money due to inflation, imparts gains to the issuers of money.
St. Louis Federal Reserve Bank
(Review, Nov. 1975, p.22)

money = debt = slavery

This is the only relevant issue. This is what Stamp was talking about. Clearly.