--- title: "Meaning & Key Takeaway of: The gold standard did not collapse…" description: "\"The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercio..." image: "https://sms4smile.com/quotes/i/e01/ludwig-von-mises-364_action_the-gold-standard-did-not-collapse-gover_1962405.png" --- # The gold standard did not collapse. Governments abolished… ![“The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold…” quote by Ludwig von Mises](https://sms4smile.com/quotes/i/e01/ludwig-von-mises-364_action_the-gold-standard-did-not-collapse-gover_1962405.png) [Download](https://sms4smile.com/quotes/i/e01/ludwig-von-mises-364_action_the-gold-standard-did-not-collapse-gover_1962405.png) [Open image](https://sms4smile.com/quotes/i/e01/ludwig-von-mises-364_action_the-gold-standard-did-not-collapse-gover_1962405.png) > “The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.” [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The gold standard’s end was a deliberate political act to enable inflation, not a market failure. **In simple terms:** Gold standard ended by choice. Key Takeaway Question monetary policy. Themes economics monetary policy inflation political power Mood critical historical Type economic political When to use this quote - government budgeting - investment strategy - historical analysis Key Concepts public choice theory monetary history Questions to Reflect On - Why do governments prefer inflation? - What are the costs of abandoning gold? A Different Perspective Political motives may obscure economic realities. ★ ★ ★ ★ ★ No ratings yet [Action](https://sms4smile.com/quotes/about/action/) [Coercion](https://sms4smile.com/quotes/about/coercion/) [Collapse](https://sms4smile.com/quotes/about/collapse/) [Country](https://sms4smile.com/quotes/about/country/) [Court](https://sms4smile.com/quotes/about/court/) [Customs](https://sms4smile.com/quotes/about/customs/) [Gold](https://sms4smile.com/quotes/about/gold/) [Gold standard](https://sms4smile.com/quotes/about/gold-standard/) [Government](https://sms4smile.com/quotes/about/government/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Oppression](https://sms4smile.com/quotes/about/oppression/) [Order](https://sms4smile.com/quotes/about/order/) [Policemen](https://sms4smile.com/quotes/about/policemen/) [Politics](https://sms4smile.com/quotes/about/politics/) [Prison](https://sms4smile.com/quotes/about/prison/) ## Related quotes > [Donald was one of the people who rooted for the housing crisis. 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