[Dunstan McShane]

That "fact" is false. The Bank of England was private not run by the government. Keynes merely understood that resumption of the Gold standard would weaken the British economy (it did) reduce international trade (it did). His predictions were on the money and the slowing of the English economy in the late twenties following resumption of the Gold Standard helped bring on the Great Depression.

The fact I was referring to was that it was Keynes who was the source of the phrase "barbarous relic," not the economic analysis itself as a fact. I don't know enough about economics to have a worthwhile opinion on the subject.

[justshutupandtakeit]

He only meant it was a barbarous relic in terms of basing a money supply on it nothing else. He undoubtedly bought his ballerina wife plenty of nice bling made up of gold though.