Acquire Quote by Hans-Hermann Hoppe
“Economic theory has nothing to say as to what commodity will acquire the status of money. Historically, it happened to be gold. But if the physical makeup of our world would have been different or is to become different from what it is now, some other commodity would have become or might become money. The market will decide.”
About This Quote
Source Book: Democracy: The God of the People, Hans‑Hermann Hoppe, 2001
Economic theory cannot dictate which commodity becomes money; history shows gold, but any scarce good could serve if market chooses.
In simple terms: Money’s form depends on market choice, not theory.
Recognize market forces shape money.
Themes
Mood
Type
When to use this quote
- policy making
- investment decisions
- currency design
- financial education
Key Concepts
Questions to Reflect On
- What commodity could become money today?
- How do digital assets challenge this view?
Theory may overlook cultural or technological shifts that affect money.