Share this sentence
— Henry Hazlitt"The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos."
Discover more quotes
Previous Quote
In truth, the gold standard is already a barbarous relic.
— John Maynard Keynes
Next Quote
There is, literally and figuratively, not a gold standard. That's almost as big a problem in art as in the financial world. How do you affix a value to something that only has value because a certain number of people agree to believe in that value?
— John Currin
Loading recommended content...