A Short Essay on Sound Monetary Policy

Tags: Gold Standard, Monetary Theory, Money and Banks

01/20/2023 George Ford Smith

In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.

Original Article: “A Short Essay on Sound Monetary Policy”

This Audio Mises Wire is generously sponsored by Christopher Condon.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.