ABSTRACT
Mr. Keynes expresses scepticism as bo the scheme of Professor Irving Fisher, which relies on the material or money factor: "In any case I doubt the wisdom and the practicability of a system so cut and dried". Silvio Gesell knows of something that was before money. The preconceived and fixed idea that money precedes credit and is the originator of interest has seduced one of the shrewdest and boldest thinkers into delusions so flagrant and shocking. To control money means to control the unruly multitude of prices; to control credit means to obtain mastery over just one thing, the steadiest in all nature: interest. All the stability that the world of business has so far enjoyed and is capable of is the gift of the natural stability of interest. The trick was done through the throttling of credit by the banks as money-lenders.
