Commentary

Keynes Celebrates the End of the Gold Standard (Video)


Enjoy one of the very few video footage of John Maynard Keynes as he discusses the positive implications the end of the Gold Standard would have on Great Britain.

Nod to Paul Krugman, who says, " And he was completely right. The comments on the video are full of people ridiculing his assertion that the move would not be highly inflationary, but it truly wasn’t; if you look at the data (pdf) you see that British consumer prices remained below their pre-Depression levels until this little thing called World War II came along."


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