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[1934]

EZRA POUND
via Marsala 12-5
Rapallo
Anno XII

23 Feb

John Buchan M/P

Dear Mr Buchan

I didn't know you were in
Parliament, but that of course gives you a
second leverage. It seems to me the REAL
issue is very simple, and that black ignorance
is the real EVIL.

People do not know that means of
distribution exist (are known) just as potent to get goods
distributed, are are electric centrals and correlated machinery
for production.

That neees [needs] to be Howled from the house tops.

Unless you are a very assiduous reader you probably don't know
that I have done an ABC of Economics (which shd/reach you
before long). That was written over a year ago, and I was
permitted to lecture at the Bocconi, though I don't think they
are in any way responsible for what I said.

Pardon detail/ but I can put the matter more clearly NOW.

MEANS OF DISTRIBUTION EXIST.

Most of alledged economists are scoundrels (probably more
scoundrel than fool..), trained seals. (I am trying to be brief.
and I omit nuances.

Can you ask in the House three questions or can you
PRINT 'em?

1. What is an auxilliary currency?

2. When money is rented, who ought to pay the rent, the
man who HAS the money when the rent falls due, or some
fellow who HASN'T IT?

3. What is the result of every factory, every industry
under the present system, creating prices faster than it emits
the power to buy?