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What is Sound Money?

  • Why Austrian Economics Matters

Tags Money and BanksAustrian Economics Overview

05/01/2010Joseph T. Salerno

Sound money even sounds heavier than unsound money. Gold and silver originated on the market and reigned as the preferred money because the metals were easily portable, homogeneous, highly divisible, highly durable, and naturally scarce. Paper has none of those attributes.

Hosted at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.

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Contact Joseph T. Salerno

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

 
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