People lament over inflation but they enthusiastically support policies that could not go on without inflation. While they grovel about the inevitable consequences about inflation, they stubbornly oppose any attempt to stop or restrict deficit spending. The suggested reform of the currency system and the return to the sound monetary system presuppose a radical change to economic philosophies, there can not be any question of the gold standard as long as waste, captial de-cumulation and corruption are the foremost characteristics of conduct of public affairs. Cynics dispose of the advocacy of a return to the gold standard by calling it utopian. Yet We only have the choice of two utopias, the utopia of a market economy not paralyzed by government sabotage on the one hand, and the utopia of totalitarian all around planning on the other. The choice of the first alternative implies a decision in favor of the gold( #bitcoin ) standard.
-Ludwig von Mises, Theory of Money & Credit
TK CTV 80HPW
npub1zt…7yx9r
2025-04-07 07:27:21
Author Public Key
npub1zt8u9mz68x3e6qhey8mhuuqahst4kc587gka7qj84uuhq6t878vsn7yx9rPublished at
2025-04-07 07:27:21Event JSON
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"content": "People lament over inflation but they enthusiastically support policies that could not go on without inflation. While they grovel about the inevitable consequences about inflation, they stubbornly oppose any attempt to stop or restrict deficit spending. The suggested reform of the currency system and the return to the sound monetary system presuppose a radical change to economic philosophies, there can not be any question of the gold standard as long as waste, captial de-cumulation and corruption are the foremost characteristics of conduct of public affairs. Cynics dispose of the advocacy of a return to the gold standard by calling it utopian. Yet We only have the choice of two utopias, the utopia of a market economy not paralyzed by government sabotage on the one hand, and the utopia of totalitarian all around planning on the other. The choice of the first alternative implies a decision in favor of the gold( #bitcoin ) standard. \n\n-Ludwig von Mises, Theory of Money \u0026 Credit ",
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