| 1. To William
T. Foster (January 27, 1943)
There are, as you know, endless fictions, fallacies and fetishes in the theory
of money, and I would like to follow the strategy of dumping them
all into the laps of those who believe in political money and
let them go on in the interminable task of trying to explain them.
I would, on the other hand, invite those who choose the nonpolitical
path, to join in the constructive effort of developing a new theory
which at least, does not inherit the confusions of the old. It
is a privilege to make original errors. You will note that the
issue policy for the valun system is the central unsolved problem,
and this alone is grist enough for minds that would mill and mull.
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