First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/05/30/when-thoughts-turn-to-gold-002536
Architect of a school of economic thought regarded by many as just a notch above quackery, John Maynard Keynes of Britain once called the gold standard a “barbarous relic.” An honest and time-honored medium of exchange such as gold (or paper money redeemable in gold) stood in the way of Keynes’ snooty preference for lots of government spending and easy money.