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Ludwig von Mises

The gold standard alone makes the determination of money’s purchasing power independent of the ambitions and machinations of governments, of dictators, of political parties, and of pressure groups. The gold standard alone is what the nineteenth-​century freedom-​loving leaders (who championed representative government, civil liberties, and prosperity for all) called ‘sound money.’

Ludwig von Mises, “The Gold Problem,”  p. 185.

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