The reason there is very little support for the gold standard is the consequences of those types of market adjustments are not considered to be appropriate in the 20th and 21st century. I am one of the rare people who have still some nostalgic view about the old gold standard, as you know, but I must tell you, I am in a very small minority among my colleagues on that issue.
Alan GreenspanRelated topics
appropriate century gold issue market minority nostalgic people rare reason small standard support tell view consequencesRelated quotes
In this century the writer has carried on a conversation with madness. We might almost say of the twentieth-century writer that he aspires to madness. Some have made it, of course, and they hold special places in our regard. To a writer, madness is a final distillation of self, a final editing down. It's the drowning out of false voices.
Don DeLillo
Now, since the time of Newton there had been a debate about whether light was a wave---that is, a traveling disturbance in some background medium---or a particle, which travels regardless of the presence of a background medium. The observation of Maxwell that electromagnetic waves must exist and that their speed was identical to that of light ended the debate: light was an electromagnetic wave.
Lawrence M. Krauss
We must not forget that when radium was discovered no one knew that it would prove useful in hospitals. The work was one of pure science. And this is a proof that scientific work must not be considered from the point of view of the direct usefulness of it. It must be done for itself, for the beauty of science, and then there is always the chance that a scientific discovery may become like the radium a benefit for humanity.
Marie Curie
We were created for eternal life by our Creator, we are called to it by the word of God, and we are renewed by holy Baptism. And Christ the Son of God came into the world for this, that He should call us and take us there, and He is the one thing needful. For this reason your very first endeavor and care should be to receive it. Without it everything is as nothing, though you have the whole world under you.
Tikhon of Zadonsk
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense-perhaps more clearly and subtly than many consistent defenders of laissez-faire-that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.
Alan Greenspan
