Tuesday, December 29, 2009

ATLAS SOUND MONEY PROJECT!

I highly recommend checking out the Atlas Foundation's "Sound Money Project!"

From their Facebook Page:

"The Sound Money Project at the Atlas Economic Research Foundation is engaging experts in the task of developing and refining a set of “sound money” principles with relevance to the world’s current challenges. The Project also intends to mobilize think tanks and scholars to be more active in promoting public policies that are consistent with these principles."


Mises on sound money:

"It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights." 


"Thus the sound-money principle has two aspects. It is affirmative in approving the markets choice of a commonly used medium of exchange. It is negative in obstructing the governments propensity to meddle with the currency system."


-Ludwig von Mises, The Theory of Money and Credit

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