Quote by Henry Hazlitt

The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.

The first requisite of a sound monetary system is that it pu

Summary

This quote emphasizes the importance of a monetary system that minimizes political intervention in determining the quantity and quality of money. It implies that allowing politicians excessive control over the monetary system can lead to detrimental consequences. By advocating for limited political involvement, the quote suggests that a sound and stable monetary system can be achieved by reducing the potential for politicians to manipulate and exploit it for their own interests.

Topics

Money

By Henry Hazlitt

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