| In short, the Clay-Lincoln American System consisted of mercantilism, protectionism, the centralization of governmental power, and inflationism. |
| And while sophisticated, clever and highly seductive, today's inflationism is a more dangerous scourge than ever. |
| Thus the menace of inflationism described above is not merely a product of the war, of which peace begins the cure. |
| The inflationism of the currency systems of Europe has proceeded to extraordinary lengths. |
