Bail Quote by Lawrence Reed
“Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.”
About This Quote
Source Essay: Monetary Reform, 2010
Genuine monetary reform must separate money, banking, and politics, advocating a modern gold standard without central banks or bailouts.
In simple terms: Money should be independent from political control.
Key Takeaway
Support monetary systems free from political interference.
Themes
economics
reform
gold standard
Mood
analytical
critical
Type
academic
philosophical
When to use this quote
- legislation
- public debate
- academic research
Key Concepts
policy design
financial stability
political economy
Questions to Reflect On
- How can politics be excluded?
- What alternatives exist?
A Different Perspective
Implementation is complex.
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![“QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other non-standard measures the Fed used to bail out the banks early on in the [2008] crisis.” quote by Gerald Epstein](https://sms4smile.com/quotes/img-quotes/791/gerald-epstein-28513_accounts_qe-and-other-aspects-of-fed-policy-incre_273248.jpg)
