Hacker News new | ask | show | jobs
by parasubvert 4088 days ago
That's a creative interpretation of history.

Keynes was one of the great advocates for dropping the gold standard, calling it a barbarous relic - as his biographer Skidelsky says, "useful as a constitutional monarch but disastrous as a despot".

The various central bankers clinging to gold - against all evidence - caused the great depression's deflationary spiral.