ex-hypothesi

Updated: September 2, 2025

This process will not diminish the national wealth, but will only affect its distribution. It will not diminish the amount of available capital, but may even rather increase it by gathering into the hands of the debt-holders who are ex-hypothesi folk with an inclination for saving money that might, if left in the hands of those from whom it is collected, have been squandered.

Hartley Withers - War-Time Financial Problems