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On the Inauguration of the Gesell Research Society's Bulletin "Study of Free Economy"

Morino,Eiichi In the wake of the crumbling of the Berlin Wall and the collapse of the Soviet Union, those of us who have consistently opposed the repression of freedom and the human spirit by totalitarian communism have good cause to reconfirm the validity of our libertarian beliefs. At the same time, we may also reconfirm the correctness of John Maynard Keynes' prediction which sprang from his work on the ideas of Silvio Gesell. That prediction, to be found in Keynes' General Theory, went as follows:

"...unduly neglected prophet Silvio Gesell, whose work contains flashes of deep insight... I believe that the future will learn more from the spirit of Gesell than from that of Marx. The preface to The Natural Economic Order will indicate to the reader, if he will refer to it, the moral quality of Gesell. The answer to Marxism is, I think, to be found along the lines of this preface."

通貨(currency) 

貨幣(貨幣の交換媒介物であることに力点をおく表現) 
価値下落(depreciation) 

減価 (devaluation) と同義。ある通貨の、他の通貨あるいは標準でみた、またときを経るなかでの、価値における低下をいう。

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