Card IV-18: LUDWIG VON MISES – It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.

Series IV · Card 18 of 21 · THE VIENNA SEMINAR

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.

LUDWIG VON MISES · THE THEORY OF MONEY AND CREDIT · 1953

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Source

“The Theory of Money and Credit”, 1953 edition, part IV “Monetary Reconstruction”, ch. I “The Principle of Sound Money”, § 1

Open source · mises.org ↗

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

How closely are money and freedom linked for you?