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Re: Keynes and the gold standard
- To: post keynesian thought <pkt@xxxxxxxxxxxxxxxx>
- Subject: Re: Keynes and the gold standard
- From: Harry Veeder <eo200@xxxxxxxxxxxxxxxxxxx>
- Date: Sun, 18 Jan 2004 12:20:21 -0500
- User-agent: Microsoft-Outlook-Express-Macintosh-Edition/5.0.3
> From: pdavidso <pdavidso@xxxxxxx>
> Date: Sun, 18 Jan 2004 15:03:57 -0500
> To: pkt@xxxxxxxxxxxxxxxx
> Subject: Keynes and the gold standard
> Keynes described the gold standard as "a barbarous relic" and he always
> championed a managed money system instead-- where if necessary, for "symbolic
> or conventional values" we can make the managed money system look like there
> was gold underlying it -- as long as we can "print gold nationally...[and]
> internationally." and do not rely on a gold standard!
Gold money was hard-ware and came with a cost because it was
a burden to carry.
Modern money is air-ware but it still comes with a cost
because it is a drag on the user.
Harry
- Thread context:
- inquiry for academic posts,
Lee, Frederic Mon 19 Jan 2004, 23:38 GMT
- Fwd: (Fwd) "Economic Growth and Distribution : On the Nature and Ca,
Ric Holt Mon 19 Jan 2004, 18:01 GMT
- credit money,
William B. Ryan Sun 18 Jan 2004, 22:02 GMT
- Keynes and the gold standard,
pdavidso Sun 18 Jan 2004, 20:32 GMT
- Inflation,Stagflation and Unemployment,
James Cumes Sat 17 Jan 2004, 16:29 GMT
- Fwd: Whither the AEA?,
Ric Holt Fri 16 Jan 2004, 22:11 GMT
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