Quote by Ludwig von Mises on the Gold Standard and Monetary Stability

„The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.“

Ludwig von MisesLudwig von Mises explains in the quote how the gold standard protects purchasing power from political fluctuations.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

The quote describes the advantage of the gold standard in stabilizing purchasing power against political influences.


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Ludwig von Mises quote about the gold standard and stable purchasing power

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

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