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Senator Reed is a destructive, not a constructive force in lawmaking, but he is consistent. He believes that the reform wave of the last two decades, which would create laws and Federal bureaus to cure every popular ill, is mischievous. If this is continued to its ultimate complexity, every time a citizen has a toe ache he will write to his Congressman to put through a bill creating a staff of Federal doctors to soothe such maladies. Senator Reed would have better execution of the existing constitutional law and less reform, fewer "hordes of officials and snoopers who swarm over the land like the lice of Egypt." For the same reason that he fought the Sheppard-Towner Maternity Act, he opposed the McNarv-Haugen farm relief bill. Senator Reed's other Jeffersonian axiom is that the U. S. should not meddle in the affairs of Europe.
"Truth to tell, Washington has become the universal Mecca of human freaks. To that city protagonists of vagaries gravitate by all known routes, some by election, some by appointment, some by 'divine command.' The great majority, however, merely follow noses that itch for the business of others. There they bed and breed."
During the League of Nations debate, Mr. Reed told a fable: "These Senators say that all the nations of the world have become brothers and that therefore we can safely join the League of Nations. Then on the next day they say that all the nations of the world hate one another and that in order to restrain them from fighting one another we must join the League of Nations.
"Mr. President, they are like the animal in Aesop's Fables which had four legs on its back as well as four legs under its belly. When it got tired running on one set of legs, it simply turned over and ran on the other set; and you never could catch it. That is the perfectly parliamentary animal that these Senators are."
Five weeks ago , in Manhattan, he put forth his political creed: "That people is governed best which is governed least."
Last week  Mr. Reed sought to extend his fame as an inquisitor, introduced in the Senate a resolution which would allow his committee to investigate all 1926 Senatorial elections during the recess of Congress (March to December).
Originally posted by Bobaganoosh
This is pretty cool. I like how calling somebody out back then was so eloquently put. It's interesting to see how long everything has been going downhill. Nice find.
"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency.
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.
The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers,", who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat.
As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose"