Gold Quote by John Maynard Keynes
“In truth, the gold standard is already a barbarous relic.”
About This Quote
Source Book: General Theory of Employment, Interest and Money, 1936
He argues that the current gold standard is outdated and harmful, suggesting a need for reform.
In simple terms: Gold standard is outdated.
Advocate for modern monetary policy.
Themes
Mood
Type
When to use this quote
- central banking
- investment strategies
- government budgeting
Key Concepts
Questions to Reflect On
- What alternatives could replace the gold standard?
- How would reforms impact developing economies?
Transition may face political resistance.