British Association for Monetary Reform
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    RAILWAYS AND THE NATION

    The British nation needs an excellent railway system in order to flourish and prosper.

    The nation needs that facility more than any individual. Therefore any attempt to put the railways into private ownership was doomed to failure.

    It is no good pretending that those who use the service can afford to pay for the cost of the service, which they must have, in order to work and create the wealth of the nation.

    The railways are a national asset and it gets quite absurd when the nation is suckered into believing it cannot afford what is essential, and tries to resolve its financial difficulties by selling its assets.

    It is even more absurd when the government denies itself the right to create and issue the requisite money and goes cap in hand to the money lenders and asks them to perform that ritual and also invites the money lenders to charge the government for granting the money lenders the legal right to counterfeit the money by sleight of hand.

    Did you feel yourself go into a spin as you read that paragraph?

    That is spin with a vengeance, that is. It is the graft of sleaze which is so spinny that even Tony Blair does not see he is being spun.