Vissering, praised for his “high scientifi c and practical competence” (Verbatim Record, Brussels 1920, vol. 2, 83), asserted that “depreciation of money is not a cause in itself,” but “is only the effect of other causes, and that these other causes are to be found in the acts of national and municipal governments on the one hand, and in the acts of individuals, more particularly employees, on the other.”

Clara E. Mattei, The Capital Order, loc. 783