National Credit. Such a corporate image of credit depended, then as now, on the fast and comprehensive information movement that we have taken for granted for two centuries and more. At that stage of the emergence of public credit, money assumed the further role of translating, not just local, but national stores of work from one culture to another. One of the inevitable results of acceleration of information movement and of the translating power of money is the opportunity of enrichment for those who can anticipate this transformation by a few hours or years, as the case may be. We are particularly familiar today with examples of enrichment by means of advance information in stocks and bonds and real estate. In the past, when wealth was not so obviously related to information, an entire social class could monopolize the wealth resulting from a casual shift in