Skip to main content

Leadership Quote by John Buchanan Robinson

"There is never enough gold to redeem all the currency in circulation"

About this Quote

A politician’s complaint disguised as a hard law of nature, Robinson’s line is really an argument about power: who gets to define “real” money, and who pays when that definition breaks. The sentence has the clipped certainty of a warning label. “Never enough” doesn’t merely describe a shortage of metal; it preemptively discredits the promise behind gold-backed currency itself. If redemption is the sales pitch - every paper note can be exchanged for something tangible - Robinson is pointing out the quiet impossibility baked into the pitch once an economy grows beyond a vault.

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

TopicMoney
More Quotes by John Add to List
Never Enough Gold for All Currency - John Buchanan Robinson
Click to enlarge Portrait | Landscape

About the Author

USA Flag

John Buchanan Robinson (May 23, 1846 - January 28, 1933) was a Politician from USA.

26 more quotes available

View Profile

Similar Quotes