Gold Standard Quotes:

The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.

- Ludwig von Mises

source: Ludwig von Mises (2016). “Human Action”, p.585, Lulu Press, Inc

topic: Party, Independent, Ambition, Purchasing Power, Pressure Groups

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

- Alan Greenspan

topic: Safety, Gold, Saving, Money And Power, Monetary System

A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.

- James Rickards

source: James Rickards (2014). “The Death of Money: The Coming Collapse of the International Monetary System”, p.156, Penguin

topic: Hard Work, Gold, Information, Gold Standard

The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.

- Hans F. Sennholz

topic: Honesty, Law, Gold, Gold Standard, Buying Gold

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

- Alan Greenspan

source: "Alan Greenspan wants the US to go back on the gold standard" by Bill Bonner, www.businessinsider.com. July 10, 2016.

topic: Mean, Rights, Understanding, Money And Power, Monetary System

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

- Ben Bernanke

topic: People, Gold, Standards, Gold Standard, Goods And Services

Beauty' is a currency system like the gold standard.

- Naomi Wolf

topic: Gold, Currency, Standards, Male Dominance, Beauty Myth

Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.

- Paul Krugman

source: "Golden Instability", krugman.blogs.nytimes.com. August 26, 2012.

topic: Money, America, Gold, Gold Standard

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

- John Maynard Keynes

source: John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The Collected Writings of John Maynard Keynes: Essays in persuasion”

topic: Gold, Standards, Relics, Gold Standard, Shills

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos.

- Henry Hazlitt

topic: Taken, Liberty, Gold, Money Management, Hyperinflation

The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.

- Ludwig von Mises

topic: Country, Government, Order, Gold Standard

A gold standard is to the moochers and looters in government what sunlight and garlic are to vampires.

- Herman Cain

topic: Government, Vampire, Gold, Moochers, Gold Standard

You came to tell us that the great cities are in favour of the gold standard; we reply that the great cities rest upon our broad and fertile plains. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy out farms and the grass will grow in the city...You shall not press down upon the brow of labour this crown of thorns. You shall not crucify mankind upon a cross of gold.

- William Jennings Bryan

topic: Spring, Cities, Magic, Bryan, Gold Standard

The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future.

- Bill Nye

topic: Ideas, Gold, Credit, Gold Standard

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

- Alan Greenspan

source: Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.89, Penguin

topic: Freedom, Issues, Gold, Antagonism, Economic Freedom

The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.

- Hans F. Sennholz

topic: Museums, Long, Gold, Gold Standard

The paper standard is self-destructive.

- Hans F. Sennholz

topic: Self, Paper, Standards, Gold Standard

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.

- Friedrich August von Hayek

topic: Government, Issues, People, Gold Standard, Buying Gold

Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.

- Murray Rothbard

topic: Country, Money, Air, Gold Standard, Thin Air

A character standard is far more important than even a gold standard. The success of all economic systems is still dependent upon both righteous leaders and righteous people. In the last analysis, our national future depends upon our national character that is, whether it is spiritually or materially minded.

- Roger Babson

topic: Success, Future, Character, Economic Systems, Gold Standard

The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.

- Robert Gilpin

source: "The Political Economy of International Relations". Book by Robert Gilpin, 1987.

topic: Dream, Powerful, Impact, Gold Standard

There is, literally and figuratively, not a gold standard. That's almost as big a problem in art as in the financial world. How do you affix a value to something that only has value because a certain number of people agree to believe in that value?

- John Currin

source: Source: www.interviewmagazine.com

topic: Art, Believe, Numbers, Gold Standard

Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.

- Lawrence Reed

topic: Successful, Past, Gold, Rations, Gold Standard

Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.

- Ludwig von Mises

source: Ludwig Von Mises (1963). “Human action: a treatise on economics”

topic: Government, Law, Quality, Gold Coins, Gold Standard

Faced with the alternative of saying goodbye to the gold standard, and therefore to his own employment, and goodbye to other people's employment, Mr. Churchill characteristically selected the latter course.

- Oswald Mosley

source: "Oswald Mosley" by Robert Skidelsky, Papermacs, (p. 143), 1981.

topic: Goodbye, People, Gold, Selected, Gold Standard

American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.

- Llewellyn Rockwell

topic: Running, Money, Years, Gold Standard

There's no question that frankly Hillary Clinton took positions that she never had before because of this political movement. If you look at her opposition to the Trans-Pacific Partnership, which she had previously repeatedly called the gold standard, she now says she's against it.

- Jonathan Tasini

source: "A Look At Where Bernie Sanders' Movement Goes From Here". "Weekend Edition Saturday" with Scott Simon, www.npr.org. July 30, 2016.

topic: Political, Gold, Looks, Political Movements, Gold Standard

The general sentiment among the Yeas is, no accolade is too high for their man; and the Nobel being, literally, the gold standard among prizes, it is surely his [Bob Dylan] due.

- David Bennun

source: Source: thequietus.com

topic: Men, Gold, Bob, Gold Standard

The best way to create and bring dependent voters in is to bring people that don't have much education and therefore do not have many skills and therefore are not as capable as others of providing for themselves. That's the gold standard in immigration, if you're a Democrat in 2016, 2002, 2000, as long as this current debate has been raging, that's their objective.

- Rush Limbaugh

source: Source: www.rushlimbaugh.com

topic: Skills, Long, People, Gold Standard

There's nothing of any importance in life - except how well you do your work. Nothing. Only that. Whatever else you are, will come from that. It's the only measure of human value. All the codes of ethics they'll try to ram down your throat are just so much paper money put out by swindlers to fleece people of their virtues. The code of competence is the only system of morality that's on a gold standard.

- Ayn Rand

topic: Money, People, Trying, Swindlers, Gold Standard

We should be thanking Apple for launching the $10,000 'apple watch' as the new gold standard in douchebag detection.

- Anna Kendrick

source: Twitter post from Mar 09, 2015

topic: Apples, Gold, Douchebags, Launching, Gold Standard

My local paper, The New York Times, Yahoo News, CBS, and The Washington Post, all agreed to stop using the word 'mistress.' The big one was the Associated Press. They made a style change, and it's the gold standard that sets the guide for news outlets around the world. That's a small step for the American language, a medium step for feminism, and a huge step for me personally.

- Paula Broadwell

source: Source: www.vanityfair.com

topic: New York, Style, Mistress, American Language, Gold Standard

You could own coins but you couldn't have bars of gold. We were on the gold standard. I think it was Nixon who took us off the gold standard.

- Carl Andre

source: Source: www.interviewmagazine.com

topic: Thinking, Gold, Bars, Gold Standard

I think I understand the Constitution a little bit because in 1971 we went off the gold standard under President Nixon into the Federal Reserve notes because we were a worldwide currency.

- Bill O'Reilly

topic: Thinking, President, Gold, Reserves, President Nixon

I love 30 Rock. It's one of my favorite shows. It's certainly the gold standard of comedy writing.

- Dan Harmon

source: "Community creator Dan Harmon". Interview with Todd VanDerWerff, www.avclub.com. September 23, 2010.

topic: Writing, Rocks, Gold, Gold Standard, Comedy Writing

Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.

- Ludwig von Mises

source: Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

topic: Philosophical, Hands, Ideas, Protectionism, Gold Standard

Antiques to Die For sets the gold standard for the classic contemporary cozy. Agatha-finalist Jane K. Cleland's writing is top-notch; her plotting and pace smooth and assured. This antiquing series is in mint condition!

- Julia Spencer-Fleming

topic: Writing, Gold, Pace, Top Notch, Gold Standard

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

- Paul Volcker

topic: Unique, Gold, Boards, Prominence, Central Banks

I am confident that those who believe in belief are wrong. That is, we no more need to preserve the myth of God in order to preserve a just and stable society than we needed to cling to the Gold Standard to keep our currency sound. It was a useful crutch, but we've outgrown it. Denmark, according to a recent study, is the sanest, healthiest, happiest, most crime-free nation in the world, and by and large the Danes simply ignore the God issue. We should certainly hope that those who believe in belief are wrong, because belief is waning fast, and the props are beginning to buckle.

- Daniel Dennett

source: "The folly of pretence" by Daniel Dennett, www.theguardian.com. July 16, 2009.

topic: Faith, Believe, Issues, Gold Standard

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.

- Joan Robinson

topic: Gold, Doctrine, Lasts, Gold Standard

Marriage is the gold standard of all relationships. It's the currency by which everything is valued.

- Frank Delaney

source: Frank Delaney (2011). “The Matchmaker of Kenmare: A Novel of Ireland”, p.21, Random House

topic: Marriage, Gold, Currency, Gold Standard

There's nothing of any importance in life-except how well you do your work.

- Ayn Rand

topic: Work, Importance, Wells, Paper Money, Swindlers

The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.

- Ludwig von Mises

source: Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

topic: Independent, Political, Gold, Political Action, Gold Standard

Janine Hathaway offered to be my guardian, " said Lissa suddenly. "Janine Hathaway?" Tatiana's eyebrows rose nearly to her hairline. "I'm sure she has other commitments. No, we've got much better choices." A better choice than Janine Hathaway? Not likely. Before Dimitri, my mother had been the gold standard by which I measured all badassedness.

- Richelle Mead

topic: Mother, Commitment, Eyebrows, Gold Standard

I read the book [My Life by Bill Clinton] completely. And I think it compares very favorably with Ulysses S. Grant's gold standard of presidential autobiographies.

- Dan Rather

topic: Book, Thinking, Presidential, Ulysses, Gold Standard