Series IV · Card 16 of 21 · THE VIENNA SEMINAR
Certainly, the gold standard is not stable in value. … In a changing world, that is, in a living world, there can be no fixity of purchasing power and no stability of value.
LUDWIG VON MISES · NATIONALÖKONOMIE · 1940
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Source
“Nationalökonomie. Theorie des Handelns und Wirtschaftens” (Geneva 1940), part 4, ch. 4 “Der indirekte Tausch”, sec. XIX “Die Goldwährung”, p. 430 f. (abridged)
About the author
Austrian-American economist (1881–1973) and leading figure of the Austrian School. His work on money, credit, and economic calculation deeply shaped the philosophical foundations later associated with Bitcoin.
The question on the back
What do you want more: stability or freedom?