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Gold Standard Quotes

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Gold Standard Quotes

“We do not know if she collapsed because of overwhelming joy, extreme surprise, grave disappointment, or heavy anxiety that for the next months and years she would live with a human male, because in fact she had been honest when she told her girlfriends that she had given up on men, OR NONE OF THE ABOVE.”

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Author:Kyoko Yoshida
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“If rewriting equals rereading, we must logically conclude that writing is reading. If this is indeed the case, how could we possibly write under a ban on reading? The only way left is mouth-to-mouth – poets and storytellers recite their pieces and before we can commit them to memory, everything vanishes into thin air.”

WritingReadingLiteratureBooksMemoryWritersLogicalPoetsAuthorsMouthStorytellersGold StandardRecitingRereadingSingapore LiteratureIreadbooksactuallyBooksactuallyBan
Author:Kyoko Yoshida
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“Bitcoin was in theory and in practice inseparable from the process of computation run on cheap, powerful hardware: the system could not have existed without markets for digital moving images; especially video games, driving down the price of microchips that could handle the onerous business of guessing. It also had a voracious appetite for electricity, which had to come from somewhere - burning coal or natural gas, spinning turbines, decaying uranium - and which wasn't being used for something arguably more constructive than this discovery of meaningless hashes. The whole apparatus of the early twenty-first century's most complex and refined infrastructures and technologies was turned to the conquest of the useless. It resembled John Maynard Keynes's satirical response to criticisms of his capital injection proposal by proponents of the gold standard: just put banknotes in bottles, he suggested, and bury them in disused coal mines for people to dig up - a useless task to slow the dispersal of the new money and get people to work for it. 'It would, indeed, be more sensible to build houses and the like; but if there are political and practical difficulties in the way of this, the above would be better than nothing.”

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Book:Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency
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“Back in 1960, the paper dollar and the silver dollar both were the same value. They circulated next to each other. Today? The paper dollar has lost 95% of its value, while the silver dollar is worth $34, and produced a 2-3 times rise in real value. Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.”

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Author:Mark Skousen
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“A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.”

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Book:The Death of Money: The Coming Collapse of the International Monetary System
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“If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.”

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Author:Ludwig von Mises
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“The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.”

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Book:Economic heresies: some old-fashioned questions in economic theory
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“The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.”

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Author:Robert Gilpin
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“Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.”

IdeasHandsSoundPiecesEconomicPolicyStandardsCapitalismGoldPhilosophicalTradeInvestingSocialismOur TimeLiberalismPhenomenonIsolatedImperialismFrameworkHand In HandFree TradeOne PieceMilitarismParcelGold StandardProtectionism
Book:On the Manipulation of Money and Credit
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“In truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now primarily interested in preserving the stability of business, prices, and employment, and are not likely, when the choice is forced on us, deliberately to sacrifice these to outworn dogma, which had its value once, of 3 pounds, 17 shill ings, 10 1/2 pence per ounce. Advocates of the ancient standard do not observe how remote it now is from the spirit and the requirements of the age. A regulated nonmetallic standard has slipped in unnoticed. It exists.”

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Book:The Collected Writings of John Maynard Keynes: Essays in persuasion
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“You came to tell us that the great cities are in favour of the gold standard; we reply that the great cities rest upon our broad and fertile plains. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy out farms and the grass will grow in the city...You shall not press down upon the brow of labour this crown of thorns. You shall not crucify mankind upon a cross of gold.”

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Author:William Jennings Bryan
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“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.”

IfsPastSuccessfulModernStandardsGoldDebtGenuineReformFixedSilverFraudBankingInflationPaymentMonetaryCentral BanksSuspensionBailGold And SilverGold StandardRations
Author:Lawrence Reed
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“You used to have to make a choice. Is it a serialized television show, or is it a stand-alone or procedural? We were wildly influenced by The X-Files. Even when we created Fringe, it was the same thing. It's the gold standard of all gold standards, in genre television, and it was so wonderful because you felt so much for those characters.”

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Author:Alex Kurtzman
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“There is a direct correlation between what al Qaeda says and what it does. And the one thing that has been the gold standard of correlation has been bin Laden's 1995 - or was it 1996? - pledge that every attack is going to be more powerful than the last. If you go back to the first attack in Yemen in 1992 and chart it out, every attack has been more powerful, more destructive than the last one.”

IfsFirstsDoeHas BeensLastsPowerfulOne ThingStandardsDirectGoldDestructiveAlsPledgeBin LadenAl QaedaCorrelationGold StandardYemen
Author:Michael Scheuer
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“The best way to create and bring dependent voters in is to bring people that don't have much education and therefore do not have many skills and therefore are not as capable as others of providing for themselves. That's the gold standard in immigration, if you're a Democrat in 2016, 2002, 2000, as long as this current debate has been raging, that's their objective.”

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Author:Rush Limbaugh
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“My local paper, The New York Times, Yahoo News, CBS, and The Washington Post, all agreed to stop using the word 'mistress.' The big one was the Associated Press. They made a style change, and it's the gold standard that sets the guide for news outlets around the world. That's a small step for the American language, a medium step for feminism, and a huge step for me personally.”

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Author:Paula Broadwell
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“The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.”

IfsWayMeanMadeUseValuesProcessUnderstandingWealthRightsProtectSafeStandardsGoldDifficultyPropertyCreditSpendingStoresAbsenceSavingMade ItWelfareSchemesExpansionUnlimitedBankingInflationDeficitAbandonmentSavingsProperty RightsProtectorInsidiousAntagonismBanking SystemGold StandardDeficit Spending
Author:Alan Greenspan
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