Portrait of John Maynard Keynes as a younger man (who is the artist? where does it hang?)
- In truth, the gold standard is already a barbarous relic.
- John Maynard Keynes, Monetary Reform (1924), p. 172
Did Keynes foresee the rise of Ron Paul, even in 1924?
More, resources:
- Economist Brad DeLong explains why the U.S. cannot go back on the gold standard
- Nouriel Roubini: “Supporters of a Gold Standard are Lunatics and Hacks”
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