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:


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.

Vinaora Nivo SliderVinaora Nivo SliderVinaora Nivo SliderVinaora Nivo Slider

An Exclusive Interview With Lewis E. Lehrman

June 22, 2015

An Exclusive Interview with Lewis E. Lehrman, Part Twenty-one


Signs Of The Gold Standard Emerging From Great Britain?

by Ralph Benko

... Given Kwarteng’s current and, likely, future importance to the world monetary discourse it really would be invaluable were he to master the arguments of Jacques Rueff, and of Lewis Lehrman, as well as those of Triffin (who shared the same diagnosis while offering a different prescription).

Read More



Exclusive interview with Prof. Lawrence White, Part 3

Ralph J. Benko  |  Oct 20, 2014
Lawrence H. White is an  economics professor at George Mason University who teaches graduate level monetary theory and policy. Lawrence White As described by the Wikipedia, "White earned his BA at Harvard University (1977) and PhD at the University of California at Los Angeles (1982). Before his current role at George Mason...
The Federal Reserve System's James Narron and David Skeie, career officials with the Federal Reserve System, are two eminent historically erudite figures.  Writing in the New York Federal Reserve Bank's online publication, Liberty Street Economics, they recently provided a continuation of their valuable historical "revue," Crisis Chronicles: The Collapse of the...
An article headline in Saturday’s Wall Street Journalread “Rate Talk Heats Up Within The Fed.” As Journalreporters Jon Hilsenrath and Michael Derby...
Oct 05, 2011
Key Monetary Writings
Lewis E. Lehrman

Conference on a Stable Dollar: Why We Need It and How to Achieve It

Address by Lewis E. Lehrman The Ritz-Carlton, Pentagon City Arlington, VA October 5-6, 2011   Thank you Ed. Thanks also to David Addington, Alison...

Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

In Memoriam
Professor Jacques Rueff

Now Available on Amazon and from The Lehrman Institute

Gold Standard 3-Pack

Three Gold Standard Titles for One Low Price. Only from The Lehrman Institute Store.

Buy from
The Lehrman Institute