--- title: "Meaning & Key Takeaway of: In reality there is no such thing as an…" description: "\"In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.\" — Lysander Spo..." image: "https://sms4smile.com/quotes/i/d16/lysander-spooner-3260_currency_in-reality-there-is-no-such-thing-as-an_281088.png" --- # In reality there is no such thing as an inflation of… ![“In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.” quote by Lysander Spooner](https://sms4smile.com/quotes/i/d16/lysander-spooner-3260_currency_in-reality-there-is-no-such-thing-as-an_281088.png) [Download](https://sms4smile.com/quotes/i/d16/lysander-spooner-3260_currency_in-reality-there-is-no-such-thing-as-an_281088.png) [Open image](https://sms4smile.com/quotes/i/d16/lysander-spooner-3260_currency_in-reality-there-is-no-such-thing-as-an_281088.png) > “In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.” [Lysander Spooner](https://sms4smile.com/quotes/author/lysander-spooner/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Prices are relative; gold retains value while paper money loses purchasing power over time. **In simple terms:** Gold holds value, paper money can lose it. Key Takeaway Consider the stability of assets. Themes economics money value inflation Mood cautious analytical Type financial educational When to use this quote - investing - personal finance - budgeting - retirement planning Key Concepts monetary policy currency depreciation gold standard Questions to Reflect On - How do you protect wealth from currency depreciation? - What role should gold play in modern portfolios? A Different Perspective Paper money can be stabilized by policy; gold can be volatile. ★ ★ ★ ★ ★ No ratings yet [Currency](https://sms4smile.com/quotes/about/currency/) [Gold](https://sms4smile.com/quotes/about/gold/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Inflation Prices](https://sms4smile.com/quotes/about/inflation-prices-1849546/) [Paper](https://sms4smile.com/quotes/about/paper/) [Paper Currency](https://sms4smile.com/quotes/about/paper-currency-337562/) [Prices](https://sms4smile.com/quotes/about/prices/) [Reality](https://sms4smile.com/quotes/about/reality/) [Thing Inflation](https://sms4smile.com/quotes/about/thing-inflation-1518272/) ## Related quotes > [Tariffs can't be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money…](https://sms4smile.com/quotes/scott-bessent/tariffs-can-t-be-inflationary-because-if-the-price-of-one-thing-goes/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency. 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Since then, it's been a long steady decline from the…](https://sms4smile.com/quotes/llewellyn-rockwell/american-money-was-never-more-sound-or-banking-more-free-than-200/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.](https://sms4smile.com/quotes/john-buchanan-robinson/at-present-financial-crises-occur-chiefly-because-the-paper-currency/) [John Buchanan Robinson](https://sms4smile.com/quotes/author/john-buchanan-robinson/) ## More by Lysander Spooner > [Slavery, if it can be legalized at all, can be legalized only by positive legislation. Natural law gives it no aid. Custom imparts to…](https://sms4smile.com/quotes/lysander-spooner/slavery-if-it-can-be-legalized-at-all-can-be-legalized-only-by/) [Lysander Spooner](https://sms4smile.com/quotes/author/lysander-spooner/) > [The greatest of all crimes are the wars that are carried on by governments, to plunder, enslave, and destroy mankind.](https://sms4smile.com/quotes/lysander-spooner/the-greatest-of-all-crimes-are-the-wars-that-are-carried-on-by/) [Lysander Spooner](https://sms4smile.com/quotes/author/lysander-spooner/) > [Those who deny the right of a jury to protect an individual in resisting an unjust law of the government, deny him all defence…](https://sms4smile.com/quotes/lysander-spooner/those-who-deny-the-right-of-a-jury-to-protect-an-individual-in/) [Lysander Spooner](https://sms4smile.com/quotes/author/lysander-spooner/) > [I was put into jail as I was going to the shoemaker's to get a shoe which was mended. 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