Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts

Friday, February 26, 2021

[Keynes argued that] money...was an inherently political tool. It was the state that determined what substance—gold, paper, whatever—actually counted as money—what “thing” people and the government would accept as valid payment. The state thus created money and had always regulated its value.... The very idea of capitalism required active state economic management—the regulation of money and debt.

Zachary D.Carter in The Price of Peace

Tuesday, May 08, 2012

This owner, that.  Landlord never dies they say.  Other steps into his shoes when he gets his notice to quit.  They buy the place up with gold and still they have all the gold.

James Joyce, Ulysses