John Maynard Keynes Quotes About Values

Quotes about: Values

• In truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now primarily interested in preserving the stability of business, prices, and employment, and are not likely, when the choice is forced on us, deliberately to sacrifice these to outworn dogma, which had its value once, of 3 pounds, 17 shill ings, 10 1/2 pence per ounce. Advocates of the ancient standard do not observe how remote it now is from the spirit and the requirements of the age. A regulated nonmetallic standard has slipped in unnoticed. It exists.

  John Maynard Keynes

  Sacrifice, Choices, Age

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

• I do not mean to impugn the social justice and social expediency of the redistribution of incomes aimed at by N.I.R.A. and by the various schemes for agricultural restriction. The latter, in particular, I should strongly support in principle. But too much emphasis on the remedial value of a higher price-level as an object in itself may lead to serious misapprehension as to the part which prices can play in the technique of recovery. The stimulation of output by increasing aggregate purchasing power is the right way to get prices up; and not the other way round.

  John Maynard Keynes

  Mean, Recovery, Play

• Thus those reformers, who look for a remedy by creating artificial carrying-costs for the money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost in order to retain its quality as money, or in analogous ways, have been on the right track; and the practical value of their proposals deserves consideration.

  John Maynard Keynes

  Order, Creating, Track

  "The General Theory of Employment, Interest and Money". Book by John Maynard Keynes, Book 4, Chapter 17, Section 3, p. 234, February 1936.

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