Posted 5 years ago on June 28, 2012, 4:58 p.m. EST by DeepSpace
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The Mythos of J. R. R. Tolkien
It was in the field of monetary reform that Tolkien displayed his most passionate concern.
His indignation about the evil of usury - the creation of money out of nothing and then lending it out at interest - is reflected repeatedly:-
‘There should only be one source of money: one fountainhead from which flows the nation's blood to vitalise commerce and industry, ensure economic equity and justice and safeguard the welfare of the people...
In other words, it has always been and still is our contention that the prerogative of creating and issuing the money of the nation should be restored to the State.’ (3/10 August 1956, page 48)