“To prefer paper to gold is to prefer high risk to lower risk, instability to stability, inflation to steady long term values, a system of very low grade performance to a system of higher, though not perfect performance.” LongValuesTermPerfectRiskHigherPaperLowsGoldPerformancesLong TermGradesStabilitySteadyInflationNot PerfectInstabilityHigh Risk Author:William E. Rees
“Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.” LongRealValuesSeaModernProducePaperResourcesGoldRationalInkPrintingCrudeUnstablePaper MoneyReal Gold Author:William E. Rees
