Sound money

Definition and stakes

Portrait of Guy de Maupassant Guy de Maupassant,  Afloat (Sur l'eau)

“ A noise of money, continuous as that of the waves, a noise at once deep, light and terrible, fills the ears from the moment one enters, then fills the soul, stirs the heart, troubles the mind, and bewilders thought. Everywhere this sound, this singing, crying, calling, tempting, rending sound.
Around the tables, a motley crowd of players, the scum of every continent and of every society; mixed with princes, or future kings, women of fashion, bourgeois, money lenders, disreputable women; a mixture unique in the world, of men of all races, of all castes, of all kinds, of every origin
”
Source: Gutenberg

Portrait of Carl Schurz Carl Schurz,  Honest Money and Labor

“ But I do say that the restoration of sound money will revive that confidence which is necessary to set all the industrial forces of the country in motion again to give you remunerative employment; that it will protect you against that insidious robbery with which a currency of fluctuating value strips your earnings and savings of their purchasing power; that it will open to you a fair chance again in the struggle of life by securing to you an honest dollar as wages for honest work. That is what the restoration of sound money will accomplish for ourselves and our children. ”
Source: Wikisource

Portrait of Henry Ford Henry Ford,  My Life and Work (1922)

“ The people are on the side of sound money. They are so unalterably on the side of sound money that it is a serious question how they would regard the system under which they live, if they once knew what the initiated can do with it. ”
Source: Gutenberg

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