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Gold Standard Quotes

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Gold Standard Quotes

“A character standard is far more important than even a gold standard. The success of all economic systems is still dependent upon both righteous leaders and righteous people. In the last analysis, our national future depends upon our national character that is, whether it is spiritually or materially minded.”

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Author:Roger Babson
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“I am confident that those who believe in belief are wrong. That is, we no more need to preserve the myth of God in order to preserve a just and stable society than we needed to cling to the Gold Standard to keep our currency sound. It was a useful crutch, but we've outgrown it. Denmark, according to a recent study, is the sanest, healthiest, happiest, most crime-free nation in the world, and by and large the Danes simply ignore the God issue. We should certainly hope that those who believe in belief are wrong, because belief is waning fast, and the props are beginning to buckle.”

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Author:Daniel Dennett
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“It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.”

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Author:Paul Volcker
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“Violence is the gold standard, the reserve that guarantees order. In actuality, it is better than a gold standard, because violence has universal value. Violence transcends the quirks of philosophy, religion, technology, and culture. () It's time to quit worrying and learn to love the battle axe. History teaches us that if we don't, someone else will.”

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Author:Jack Donovan
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“What an invaluable handbook! Lori A. May has done her research, knows her stuff, and, whats best, lets the programs speak for themselves through her extensive interviews. Theres a chorus of quotes from faculty, students, and graduates in The Low-Residency MFA Handbook. Anyone making the decision to apply for an MFA should consult this wise guide. Mays clarity and authority make it a gold standard.”

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Author:Molly Peacock
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“The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.”

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Author:Ludwig von Mises
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