“Hundreds of thousands of rouble notes are being issued daily by our treasury. This is done, not in order to ﬁll the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment… Experience has taught us it is impossible to root out the evils of capitalism merely by conﬁscation and expropriation… The simplest way to exterminate the very spirit of capitalism is therefore to ﬂood the country with notes of a high face-value without financial guarantees of any sort. …[T]he great illusion of the value and power of money, on which the capitalist state is based will have been definitely destroyed.”

— Vladimir Lenin

The Daily Chronicle and New York Times (April 23, 1919), Paul Miliukov, Bolshevism: An International Danger, London: UK, Taylor & Francis e-Library, 2010, pp. 75-76, first published in 1920
1910s

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Vladimir Lenin336

Russian politician, led the October Revolution 1870–1924

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