Note 209 — Chapter XXII · CURRENCY, BANKING, AND CREDIT
Reading edition
People are in the habit of thinking that the high cost of living is due largely to “profiteering” and monopoly. To some extent, no doubt, this is true. But the three most important factors in the high cost of living are: (a) the inflation of money and credit; (b) decreased production; and (c) heavy taxes. It is these things that give the profiteers and monopolists their opportunity.