--- title: "Meaning & Key Takeaway of: In truth, the gold standard is already a…" description: "\"In truth, the gold standard is already a barbarous relic.\" — John Maynard Keynes" image: "https://sms4smile.com/quotes/i/8cf/john-maynard-keynes-1380_gold_in-truth-the-gold-standard-is-already-a_770267.png" --- # In truth, the gold standard is already a barbarous relic. ![“In truth, the gold standard is already a barbarous relic.” quote by John Maynard Keynes](https://sms4smile.com/quotes/i/8cf/john-maynard-keynes-1380_gold_in-truth-the-gold-standard-is-already-a_770267.png) [Download](https://sms4smile.com/quotes/i/8cf/john-maynard-keynes-1380_gold_in-truth-the-gold-standard-is-already-a_770267.png) [Open image](https://sms4smile.com/quotes/i/8cf/john-maynard-keynes-1380_gold_in-truth-the-gold-standard-is-already-a_770267.png) > “In truth, the gold standard is already a barbarous relic.” [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. He argues that the current gold standard is outdated and harmful, suggesting a need for reform. **In simple terms:** Gold standard is outdated. Key Takeaway Advocate for modern monetary policy. Themes economics policy history Mood analytical critical Type economic historical When to use this quote - central banking - investment strategies - government budgeting Key Concepts monetary reform inflation global finance Questions to Reflect On - What alternatives could replace the gold standard? - How would reforms impact developing economies? A Different Perspective Transition may face political resistance. ★ ★ ★ ★ ★ No ratings yet [Gold](https://sms4smile.com/quotes/about/gold/) [Gold standard](https://sms4smile.com/quotes/about/gold-standard/) [Inspirational](https://sms4smile.com/quotes/about/inspirational/) [Relics](https://sms4smile.com/quotes/about/relics/) [Truth](https://sms4smile.com/quotes/about/truth/) ## Related quotes > [Fire destroys all sophistry, that is deceit; and maintains truth alone, that is gold.](https://sms4smile.com/quotes/leonardo-da-vinci/fire-destroys-all-sophistry-that-is-deceit-and-maintains-truth-alone/) [Leonardo da Vinci](https://sms4smile.com/quotes/author/leonardo-da-vinci/) > [In truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now…](https://sms4smile.com/quotes/john-maynard-keynes/in-truth-the-gold-standard-is-already-a-barbarous-relic-all-of-us/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every…](https://sms4smile.com/quotes/ludwig-von-mises/if-one-takes-pleasure-in-calling-the-gold-standard-a-barbarous-relic/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.](https://sms4smile.com/quotes/john-maynard-keynes/gold-is-a-relic-from-a-time-when-government-s-were-less-trustworthy/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [“We will answer their demand for a gold standard by saying to them: "You shall not press down upon the brow of labor this…](https://sms4smile.com/quotes/william-jennings-bryan/we-will-answer-their-demand-for-a-gold-standard-by-saying-to-them-you/) [William Jennings Bryan](https://sms4smile.com/quotes/author/william-jennings-bryan/) > [A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in…](https://sms4smile.com/quotes/ben-bernanke/a-gold-standard-doesn-t-imply-stability-in-the-prices-of-the-goods/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [In 1925, when Britain went back to the gold standard, that was supported by the Conservative Party, the Labour Party, the Bank of England,…](https://sms4smile.com/quotes/ed-balls/in-1925-when-britain-went-back-to-the-gold-standard-that-was/) [Ed Balls](https://sms4smile.com/quotes/author/ed-balls/) > [I think the gold standard is a clinical diagnosis, that an astute clinician interacting with a child, interviewing the parents, talking with teachers makes…](https://sms4smile.com/quotes/gerald-fischbach/i-think-the-gold-standard-is-a-clinical-diagnosis-that-an-astute/) [Gerald Fischbach](https://sms4smile.com/quotes/author/gerald-fischbach/) > [Media has changed dramatically, as you and I know. 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It is immaterial whether or not the laws assign legal tender quality only…](https://sms4smile.com/quotes/ludwig-von-mises/under-the-gold-standard-gold-is-money-and-money-is-gold-it-is/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [“Under ordinary circumstances, we learn to speak before we learn to read, and anyone who has tried to learn a foreign language knows that…](https://sms4smile.com/quotes/kory-stamper/under-ordinary-circumstances-we-learn-to-speak-before-we-learn-to/) [Kory Stamper](https://sms4smile.com/quotes/author/kory-stamper/) ## More by John Maynard Keynes > [Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.](https://sms4smile.com/quotes/john-maynard-keynes/once-we-allow-ourselves-to-be-disobedient-to-the-test-of-an/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [If you owe your bank manager a thousand pounds, you are at his mercy. 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That's what gave it value. 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First I show you but a quarter, Like the bow that guards…](https://sms4smile.com/quotes/jonathan-swift/i-with-borrow-d-silver-shine-what-you-see-is-none-of-mine-first-i/) [Jonathan Swift](https://sms4smile.com/quotes/author/jonathan-swift/) > [Surely, God could have caused birds to fly with their bones made of solid gold, with their veins full of quicksilver, with their flesh…](https://sms4smile.com/quotes/galileo-galilei/surely-god-could-have-caused-birds-to-fly-with-their-bones-made-of/) [Galileo Galilei](https://sms4smile.com/quotes/author/galileo-galilei/) > [Ring out false pride in place and blood, The civic slander and the spite; Ring in the love of truth and right, Ring in…](https://sms4smile.com/quotes/alfred-the-great/ring-out-false-pride-in-place-and-blood-the-civic-slander-and-the/) [Alfred the Great](https://sms4smile.com/quotes/author/alfred-the-great/) > [Just as the setting sun turned the clouds to liquid gold.](https://sms4smile.com/quotes/michael-ende/just-as-the-setting-sun-turned-the-clouds-to-liquid-gold/) [Michael Ende](https://sms4smile.com/quotes/author/michael-ende/) > [No matter what. 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