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Quote by William E. Rees

“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.”

Quote by William E. Rees

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William E. Rees
William E. Rees

William E. Rees is a renowned professor born on December 18, 1943. He is a prominent environmental scientist, particularly known for his research on ecological footprints and sustainability. more

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“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.”