The Principle of Sound Money

Today’s national money regimes bear no resemblance to Mises’s sound-money principle. The quantity and quality of money is no longer a free-market phenomenon; it is determined by government-controlled central banks. To prevent governments from misusing their coercive power in monetary affairs, two “institutional arrangements” have been put into place. First, central banks have been made politically independent to prevent politicians from trying to trade off benefits resulting from an inflation-induced, short-term, cyclical upswing against the medium- to long-term costs resulting from the debasing of the means of payments.

Read Full Story

Related posts:

  1. The sound of a bad penny
  2. New Money Museum Exhibit, “A House Divided: Money of the Civil War,” to Open Oct. 9
  3. Following money trail of early history of Texas
  4. U.S. Must Modify Paper Money to Accommodate Blind
  5. Follow the Money
  6. Auburn’s Northwest Territorial Mint is a real money maker
  7. 2009 Money Show of the Southwest Educational Seminar DVD’s Now Available
  8. Need Money? 5 Steps To Sell Right.
  9. ANA and PNG to Sponsor Official Pre-Show At 2011 World’s Fair of Money in Chicago
  10. New Standard Catalog of World Paper Money Available

About the Author

RSS Feed for This PostPost a Comment

DISCLAIMER: All content within CoinLink is presented for informational purposes only, with no guarantee of accuracy.
CoinLink does not buy or sell coins or numismatic material, and has no ownership interest in any web site listed within CoinLink.
All News and Article links are direct, without framing, to the original source, which is solely responsible for the content.
No endorsement or affiliation to or from CoinLink is made.