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Gold Quotes

“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.”

Source: Economic heresies: some old-fashioned questions in economic theory

“The obsession with gold, actually and politically, occurs among those who regard economics as a branch of morality. Gold is solid, gold is durable, gold is rare, gold is even (in certain very peculiar circumstances) convertible. To believe in thrift, solidity and soundness is to believe in some way in the properties of gold.”

Way Believe Certain Money Circumstances Morality Economics Gold Regard Property Obsession Branches Peculiar Thrift Solidity Soundness

Author:Christopher Hitchens

“American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.”

Years Long Running Sound Money Paper Standards Years Ago Economics Gold Feds Steady Decline Currency Banking Deposits Gold Standard

Author:Llewellyn Rockwell

“If you don't own Gold, you know neither history nor economics.”

Ifs Knows Economics Gold

Author:Ray Dalio

“The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.”

Men Country Common Numbers Liberty Higher Standards Economics Gold Entrepreneur Libertarian Wealthy Libertarianism Standards Of Living Common Man Great Libertarian

Book:Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses

Source: Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses

“Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.”

Liberty Taken Magic Citizens Economics Gold Paid Libertarian Accomplished Fund Libertarianism Miraculous Wands Magic Wands

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“The value of a yellow metal (gold), originally chosen as money because it tickled the fancy of savages, is clearly a chancy and irrelevant thing on which to base the value of our money and the stability of our industrial system.”

Values Economics Gold Chosen Fancy Stability Yellow Metals Savages Irrelevant

Book:Money

Source: Money

“Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.”

Matter Philosophy Government Political Economics Gold Currency Trustworthy Relics

Author:John Maynard Keynes

“If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Ifs Government Values Results Economy Economic Paper Economics Gold Dollars Credit Manage Damage Pounds Tickets Dominant Inflation Calculations Market Economy Cripples Suppliers

Author:Murray Rothbard

“It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.”

Should Humans Facts Turns Economy Economics Gold Valuable Odd Champion Metals Economist Twists Free Market Scarce Human Society Market Economy Best Money Twists And Turns

Author:Murray Rothbard