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Re: Keynes and the gold standard




> 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




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