Ludwig von Mises

A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees.

A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees.

– Ludwig von Mises –

The Theory of Money and Credit

© License assigned to YouCanQuoteME. License CC BY-NC 4.0 NC
📲 Copy this QR code to share the phrase wherever you want
QR del artículo

Do you want to publish your thoughts, reflections, or your own quotes?

Publish your quotes
Share our content

Related quotes

Ludwig von Mises

The oldest and most popular instrument of etatistic monetary policy is the official fixing of maximum prices. High prices, thinks the etatist, are not a consequence of an increase in the quantity of money, but a consequence of reprehensible activity on the part of ‘bulls’ and ‘profiteers’; it will suffice to suppress their machinations in order to ensure the cessation of the rise of prices. Thus it is made a punishable offence to demand, or even to pay, ‘excessive’ prices.

Leave a Reply

Your email address will not be published. Required fields are marked *