Gold Will Destroy the Keynesian Fallacies

09/19/2023 Patrick Barron

Keynes denounced monetary gold as “a barbarous relic.” In the end, it will be that “barbarous relic” that overthrows the regime of paper currency.

Original Article: “Gold Will Destroy the Keynesian Fallacies”

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.