Debate: "is the Failure of Socialism, As Evinced By the Recent Partial Return to Capitalism, Due to the Fallacies of Marxian Theory?" Affirmative: Professor Edwin R. A. Seligman ... Negative: Harry Waton ... Clare Sheridan, Chairman. Held At the Manhattan

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They alone were able not only to support themselves, but to make money and become rich. The Sov-Bur is today the great phenom- enon in Russia, as is the ordinary bourgeois in France, Italy and in this country. Read in Mr. Harrison's book of the champagne suppers at the homes of the Sov-Bur.
Thirdly, money instead of becoming less important, is be- coming more important. At first with the idea that money was to be of no value, the government printed more and more bills.
On the first of last mont
...h there was in existence in Russia eighteen trillions of paper rubles.
We got accustomed during the war to speak of millions and even of billions, but it remained for Russia to bring to us the conception of a trillion, a million million, and I think it was on the first of February that a gold ruble was worth 260,000 paper rubles. Of course you can tell exactly just how much paper a good housewife would have to carry with her in order to buy her eggs, jams and the other goods which she could always get in a certain way at those clandestine speculative shops.


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