Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [1-1] of 1 Raymond J. Keating quotesRaymond J. Keating QuotesRaymond J. Keating 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 Share on Facebook Tweet Email Print