• Inflexibly maintaining that no mistakes have been made is undermining public faith in the government's ability to correct them: a large proportion of voters blame Mr Brown for the slump and doubt his remedies for it.

    ECONOMIST: Bagehot

  • There would be nothing like the same confidence, by the public generally, in an inconvertible currency so regulated, as in a convertible one: and the most instructed person might reasonably doubt whether such a rule would be as likely to be inflexibly adhered to.

    FORBES: The 10 Minute Gold Standard: It's Much Easier Than You Think

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