sound money
Inflation-resistant tender
Sound money is currency that maintains stable purchasing power over time, typically backed by tangible assets like gold or silver rather than government decree alone.
The concept opposes inflationary monetary policy: Sound money advocates argue against printing currency to cover deficits.
The term carries political weight, often invoked by fiscal conservatives and gold-standard proponents who view unbacked currency as inherently unstable.
National currency management institution
- interest ratesPrice paid for borrowing
- quantitative easingAsset purchases to boost economy
- Austrian economicsSubjectivist, individualist economic tradition
- Federal ReserveUS central banking system
Precious metal in bulk
- specieMoney in metal form
- coinageInvented term or currency
- silver standardCurrency pegged to gray metal
- bimetallismDual-metal currency backing
convertibility · redeemability · intrinsic value · hard currency · precious metals · gold reserve · mint · assay
Economic spending ability
- price stabilityConsistent general price levels
- inflation hedgeAsset maintaining worth during devaluation
- store of valueAsset that maintains worth
- fiscal disciplineControlled government spending
debt-free · budget surplus · creditworthiness · sustainable growth · financial health · solvency · capital preservation · trustworthiness
- gold bugsAdvocates for metal-backed currency
- libertarianAnti-statist political adherent
- anti-inflationOpposing rising price levels
- decentralizationDistributing power from center
central bank
National currency management institution
- interest ratesPrice paid for borrowing
- quantitative easingAsset purchases to boost economy
- Austrian economicsSubjectivist, individualist economic tradition
Federal Reserve · dollarization · debasement · currency manipulation
bullion
Precious metal in bulk
- specieMoney in metal form
- coinageInvented term or currency
- silver standardCurrency pegged to gray metal
bimetallism · convertibility · redeemability · intrinsic value · hard currency · precious metals · gold reserve · mint · assay · fineness
purchasing power
Economic spending ability
- price stabilityConsistent general price levels
- inflation hedgeAsset maintaining worth during devaluation
- store of valueAsset that maintains worth
fiscal discipline · debt-free · budget surplus · creditworthiness · sustainable growth · financial health · solvency · capital preservation · trustworthiness · scarcity
Ron Paul
- gold bugsAdvocates for metal-backed currency
- libertarianAnti-statist political adherent
- anti-inflationOpposing rising price levels
- libertarianismlibertarianism, anarcho-capitalism, classical liberalism, limited government, free market
- electionsballot, ballots, voter registration, candidates, polls
- fiscal policybudget deficit, deficit spending, national budget, budget surplus, budget deficits
- free marketsfree market, free enterprise, free trade, free markets, laissez-faire
- Austrian economicsHayek, human action, spontaneous order, malinvestment, marginalism
sound moneyfiat money
Legal tender by decree
fiat currency · soft money · bad money · paper money · funny money
sound moneycurrency debasement
Reducing money's intrinsic worth
easy money · money printing · quantitative easing · currency manipulation · deficit spending
sound, sounds, sounding, sounded, soundly, soundness, unsound, money, moneys