KEYNES JOHN MAYNARD (1883-1946) ÉCONOMISTE ANGLAIS.

L.S. "JMKeynes" with 4 autograph lines, Bloomsbury 19 January 1933, to William HILLMAN, at The Hearst Newspapers; 1 page small in-4 at his address; in English. To the American journalist William HILLMAN (1895-1962) to whom he sends an article on one of his favorite subjects, the gold standard (enclosed): "I enclose a copy of my article. I think you will find it extremely innocent from the War Debt point of view! I have not yet settled the exact date with The Daily Mail, but there should not, I think, be any difficulty in arranging simultaneous publication"... He adds, in his own handwriting: "My telephone no. at Cambridge is Cambridge 1152 but I am difficult to get on the telephone there, and a telegram is preferable". Enclosed is a typed copy of the article mentioned in the letter: The Future of the Gold Standard (6 pages in-4). [Since the early 1920s, Keynes had expressed his opposition to the gold standard, which he considered to be the cause of the deflation that led to the collapse of the world economy. To ensure the parity of currencies with gold, the states were forced in the early 1930s to apply a restrictive financial policy. The vicious circle ended with the abandonment of the gold parity of the pound sterling, and England began an expansive monetary and fiscal policy. The United States followed this example in 1933 with the New Deal policy implemented by Roosevelt. William Hillman later became an advisor to President Harry Truman].