"There is never enough gold to redeem all the currency in circulation"
About this Quote
The intent is strategic. In late-19th and early-20th-century monetary politics, fights over gold weren’t abstract debates among bankers; they were proxy wars over credit, debt, and employment. A strict gold standard tends to reward creditors and constrain governments: it limits the money supply, raises the cost of borrowing, and turns recessions into moral fables about “soundness.” Robinson’s phrasing punctures that sanctimony. “Redeem” is a deliberately moral verb, suggesting sin and salvation; he uses it to show that the system’s promise of purity can’t be kept at scale.
The subtext is democratic and a little accusatory: if full redemption is impossible, then insisting on it becomes a way to force contraction, scarcity, and discipline on ordinary people while treating that pain as inevitability. Robinson isn’t just talking about gold. He’s warning that tying public prosperity to a finite commodity makes policy hostage to geology - and lets those holding the commodity write the rules.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Robinson, John Buchanan. (2026, January 17). There is never enough gold to redeem all the currency in circulation. FixQuotes. https://fixquotes.com/quotes/there-is-never-enough-gold-to-redeem-all-the-50263/
Chicago Style
Robinson, John Buchanan. "There is never enough gold to redeem all the currency in circulation." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/there-is-never-enough-gold-to-redeem-all-the-50263/.
MLA Style (9th ed.)
"There is never enough gold to redeem all the currency in circulation." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/there-is-never-enough-gold-to-redeem-all-the-50263/. Accessed 12 Feb. 2026.





