From The Quotable Mises — surrounding passage

The Theory of Money and Credit , p. 454 Thus the 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. The Theory of Money and Credit , p. 455 There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom. The Theory of Money and Credit , p. 480

“Sound money still means today what it meant in the nineteenth century: the gold standard.”

The Theory of Money and Credit , p. 480 Perpetual vigilance on the part of the citizens can achieve what a thousand laws and dozens of alphabetical bureaus with hordes of employees never have and never will achieve: the preservation of a sound currency. The Theory of Money and Credit , p.