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Sound Money

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights.The Theory of Money and Creditp. 454Sound Money
Perpetual vigilance on the part of the citizens can achieve what a thousand laws and dozens of alphabetical bureaus with hordes of employees never have and never will achieve: the preservation of a sound currency.The Theory of Money and Creditp. 495Sound Money
Sound money still means today what it meant in the nineteenth century: the gold standard.The Theory of Money and Creditp. 480Sound Money
There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.The Theory of Money and Creditp. 480Sound Money
Thus the sound-money principle has two aspects. It is affirmative in approving the markets choice of a commonly used medium of exchange. It is negative in obstructing the governments propensity to meddle with the currency system.The Theory of Money and Creditp. 455Sound Money
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