Raymond J. Keating Quote

“Monetary policy today is guided by little more than government fiat -- by the calculations, often mistaken economic theories, and whims of central bankers or, even worse, politicians. Under such a regime, inflation of three or four percent annually has come to be viewed as a stellar monetary performance. However, under a more sound monetary system -- i.e., a gold standard -- such increases in the general price level would be seen as wildly inflationary.”

~ Raymond J. Keating

BOOK REVIEW: THE ANATOMY OF AN INTERNATIONAL MONETARY REGIME: THE CLASSICAL GOLD STANDARD 1880-1914, THE FREEMAN, p. 645, September, 1996

Ratings and Comments


E Archer, NYC

Probably none of us alive remember the days when we had a sound money system. Born into a form of economic slavery, few manage to grasp the reality of the oppression which with each generation squeezes a bit tighter until we may find ourselves born into utter bondage. Is there a point within the human constitution that will eventually result in "ENOUGH!"? I do think that those born into bondage do know that something is wrong -- they might not yet know what it is, but the facade is undeniable -- the question is 'why?' The honest seeker has a great many discoveries to make. With a humble heart and strong courage, one might make it...

J Carlton, Calgary

We will not see freedom, economic or otherwise until we abolish the Fed and vanquish the International Bankers who own the White House.

Nick
  • Reply
Nick    7/29/10
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