Yquotes.com

 

Never in history was there a method devised of such efficacy for setting each country's advantage at variance with its neighbours' as the international gold(or, formerly, silver) standard.
--
Book 6, Chapter 23, Section 3, p. 349

 

John Maynard Keynes

» John Maynard Keynes - all quotes »

Similar quotes

 

It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities.

 

David Ricardo

 

The silver which is taken from the furnace, generally contains an intermixture of gold, averaging from ten to thirty per cent.; but what is extracted by amalgamation is mostly separated in the washing. While in a liquid state, the gold, from its greater specific gravity, mostly settles to the bottom: yet it usually retains a considerable alloy of silver. The compound is distinguished by the name of oroche. The main portion of the silver generally retains too little gold to make it worth separating.

 

Josiah Gregg

 

What is the "Great Illusion" which Norman Angell wishes to explode? In few — and therefore insufficient — words, it is this: war is a quite inadequate method for solving international disputes; war does not carry any advantage, not even to the victors, least of all any economic advantage.

 

Norman Angell

 

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many consistent defenders of laissez-faire - that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

 

Alan Greenspan

 

I have given leave to as many of the Jews that dwell in my country as please to return to their own country, and to rebuild their city, and to build the temple of God at Jerusalem on the same place where it was before. I have also sent my treasurer Mithridates, and Zorobabel, the governor of the Jews, that they may lay the foundations of the temple, and may build it sixty cubits high, and of the same latitude, making three edifices of polished stones, and one of the wood of the country, and the same order extends to the altar whereon they offer sacrifices to God. I require also that the expenses for these things may be given out of my revenues. Moreover, I have also sent the vessels which king Nebuchadnezzar pillaged out of the temple, and have given them to Mithridates the treasurer, and to Zorobabel the governor of the Jews, that they may have them carried to Jerusalem, and may restore them to the temple of God. Now their number is as follows: Fifty chargers of gold, and five hundred of silver; forty Thericlean cups of gold, and five hundred of silver; fifty basons of gold, and five hundred of silver; thirty vessels for pouring [the drink-offerings], and three hundred of silver; thirty vials of gold, and two thousand four hundred of silver; with a thousand other large vessels. I permit them to have the same honor which they were used to have from their forefathers, as also for their small cattle, and for wine and oil, two hundred and five thousand and five hundred drachme; and for wheat flour, twenty thousand and five hundred artabae; and I give order that these expenses shall be given them out of the tributes due from Samaria. The priests shall also offer these sacrifices according to the laws of Moses in Jerusalem; and when they offer them, they shall pray to God for the preservation of the king and of his family, that the kingdom of Persia may continue. But my will is, that those who disobey these injunctions, and make them void, shall be hung upon a cross, and their substance brought into the king's treasury.

 

Cyrus the Great