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Updated: May 15, 2025
Here is a State which persistently refuses to live on its income, and prints off paper money to make up its deficiency. A highly expensive bureaucracy five times as large as is needed for little Austria pays itself first, and as for the rest of the population the devil can take the hindmost. The money-printing press works night and day.
A working-man's dinner with a glass of beer costs about a hundred crowns, a city man's lunch of three courses, a hundred and twenty. The working class is accused of constantly holding up the community for money by means of strikes. The truth is that here the organization of Labour and the strike-weapon proved a highly convenient method for getting level with the money-printing press.
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