George Bernard Shaw: "the natural stability of gold"

The true gold standard skews neither left nor right.  It offers a benevolent fairness, derived from its integrity. 

Perceptive humanitarian populists of the left, as well as those of the right, have recognized this.

George Bernard Shaw, the great literary critic, playwright, and essayist who won the 1925 Nobel Prize for literature, co-founder of the London School of Economics, an ardent and eloquent socialist, had this to say about the gold standard in his 1928 The Intelligent Women's Guide to Socialism and Capitalism, chapter 55, p. 263:

Shaw

Photo Courtesy of Wikipedia

 

“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”

 

History decisively demonstrates that neither gold nor human nature are subject to change.  By relying on what Shaw termed "the natural stability of gold" -- rather than "the honesty and intelligence of the members of the government" -- whichever party happens to be in charge -- the economy demonstrably has a greater propensity to thrive and create a climate that creates jobs and opportunity.  Gold skews neither left nor right.  It is a fundamental instrument of any humanitarian economic policy.


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Exclusive Interview With Steve Forbes, Part Three

July 28, 2014

An extended interview with prominent gold standard advocate Steve Forbes, chairman of Forbes Media and editor-in-chief of Forbes Magazine, and author, with Elizabeth Ames, of a new book published to glowing critical notice: Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It. This is Part Three of that interview.

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In Memoriam
Professor Jacques Rueff
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