Category: Keynesian economics

Keynes, The Gold Standard and The Golden Guinea

In an article published in the London Times on July 20th, “Reality and discipline are gone with gold”,¬†William Rees-Mogg, its¬†distinguished former editor, bemoaned the passing of the Gold Standard and criticised Keynes as an advocate of the paper money system which, he argued, made possible the reckless lending and speculation that led to the current …

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