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Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
John Maynard Keynes
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John Maynard Keynes
Age: 62 †
Born: 1883
Born: June 5
Died: 1946
Died: April 21
Businessperson
Diplomat
Economist
Mathematician
Non-Fiction Writer
Philosopher
Politician
Professor
Lord Keynes
Baron Keynes of Tilton
Matters
Gold
Philosophy
Debasement
Less
Relic
Political
Relics
Government
Trustworthy
Matter
Currency
Time
Economics
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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In truth, the gold standard is already a barbarous relic.
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
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One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.
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The engine which drives enterprise is not thrift, but profit.
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Men will not always die quietly.
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The duty of saving became nine-tenths of virtue and the growth of the cake the object of true religion.
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Experience shows that what happens is always the thing against which one has not made provision in advance.
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The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
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There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
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