Mises Daily
Author:
Thorsten Polleit
Online Publish Date:
In 1912, Ludwig von Mises wrote, “[T]he sound-money principle has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange. It is negative in obstructing the government’s propensity to meddle with the currency system.” And further: “It is impossible to grasp the meaning of the idea of sound money if one