Ocupation: Philosopher
Life: September 29, 1881 - October 10, 1973
Birthday: September 29
Death: October 10
The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
source: Ludwig von Mises (2016). “Human Action”, p.585, Lulu Press, Inc
topic: Party, Independent, Ambition, Purchasing Power, Pressure Groups, Gold Standard, Buying Gold