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In Truth, The Gold Standard Is Already A Barbarous Relic.
-John Maynard Keynes
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In Truth, The Gold Standard Is Already
John Maynard Keynes
In Truth, The Gold Standard Is Already A Barbarous Relic.
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Gold
Standards
Relics
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If The Treasury Were To Fill Old Bottles With Bank-notes, Bury Them At Suitable Depths In Disused Coal-mines Which Are Then Filled Up To The Surface With Town Rubbish, And Leave It To Private Enterprise On Well-tried Principles Of Laissez-faire To Dig The Notes Up Again (the Right To Do So Being Obtained, Of Course, By Tendering For Leases Of The Note-bearing Territory), There Need Be No More Unemployment And, With The Help Of Repercussions, The Real Income Of The Community, And Its Capital Wealth, Would Probably Become A Good Deal Greater Than It Actually Is.
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