Capable Quote by Murray Rothbard
“It is important to realize that gold and silver are international commodities and that, therefore, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.”
About This Quote
Source Treatise: Man, Economy, and State, 1962
Gold and silver function as global money unless a government bans them, making foreign coins viable as legal tender.
In simple terms: Gold and silver can be used as money worldwide unless banned.
Key Takeaway
Use foreign coins as money when allowed.
Themes
economics
currency
global trade
government policy
commodity money
Mood
cautious
analytical
Type
economic
informative
When to use this quote
- travel
- online shopping
- cross‑border payments
- inflation hedging
Key Concepts
hard money
monetary sovereignty
international finance
Questions to Reflect On
- How do government regulations affect the use of foreign coins?
- What risks arise when relying on foreign metal money?
A Different Perspective
If a government imposes strict capital controls, foreign coins may be unusable.
![“[The Community's] crosses and trials give me confidence. But I derive my hope above all, and most especially, from our utter incapacity, for it is always upon nothingness that God is pleased to rear His works. If at any day we accomplish some good here, the glory will certainly be His alone, since…” quote by Theodore Guerin](https://sms4smile.com/quotes/img-quotes/2b8/theodore-guerin-54729_accomplish_the-community-s-crosses-and-trials-give_7176.jpg)
