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Tuesday, September 22, 2015

Keynes Would Be “Buying Gold Hand Over Fist” Today

http://www.goldcore.com/us/gold-blog/

  • What Keynes would think of today’s “Neo-Keynesians”
  • Unlike his acolytes, he understood the value of gold and the dangers of currency debasement
  • Keynes did not desire “a world where currencies are backed by nothing more than a governmental promise to pay while the printing presses whirled unchecked”
  • Keynes would have been puzzled that his theories are associated with aggressive currency debasement and a rabid hostility to gold”
  • With “today’s economic vista of near-zero interest rates and quantitative easing, it is clear that he would be buying gold hand over fist …”

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