Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.
Ludwig von MisesThe first socialists were the intellectuals; they, and not the masses, are the backbone of Socialism.
Ludwig von MisesIf, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
Ludwig von MisesThe superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.
Ludwig von Mises