Quote by John Maynard Keynes

In truth, the gold standard is already a barbarous relic.

In truth, the gold standard is already a barbarous relic.

Summary

This quote suggests that the gold standard, a monetary system where a country's currency value is linked to the price of gold, is outdated and irrelevant in today's world. The term "barbarous relic" implies that it is primitive and no longer serves a legitimate purpose. The speaker likely believes that alternative monetary systems or economic policies are more effective and better suited to the complexities of the modern financial landscape.

By John Maynard Keynes

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