Inflation threatens the contractual basis of capitalism itself

Evidence

Revered British economist John Maynard Keynes candidly acknowledged the challenge posed to the existing system: “A continuance of inflationism and high prices will not only depress the exchanges but by their effect on prices will strike at the whole basis of contract, of security, and of the capitalist system generally.” — Clara E. Mattei, Escape from Capitalism, 12

Categorization

• XREF: Keynesian monetarist logic inverts the reader’s likely expectation — Keynes here defends the contract system against inflation, not workers. — connects to: Inflation acts as a class-specific tax benefiting debtors over creditors — Mark Blyth, Austerity: The History of a Dangerous…, 46; Economists treated inflation as a threat to the capitalist system itself. — Clara E. Mattei, Escape from Capitalism, 12; Inflationary crises are the strongest threats to the capital order — Clara E. Mattei, Escape from Capitalism, 277 (+1 more)
• DEFINE: Shows why inflation is treated as politically existential, not merely economically technical.