--- title: "Meaning & Key Takeaway of: The threat of gold redeemability imposes…" description: "\"The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat..." image: "https://sms4smile.com/quotes/i/2fe/murray-rothbard-1563_daily_the-threat-of-gold-redeemability-imposes_1187476.jpg" --- # The threat of gold redeemability imposes a constant check… ![“The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily…” quote by Murray Rothbard](https://sms4smile.com/quotes/i/2fe/murray-rothbard-1563_daily_the-threat-of-gold-redeemability-imposes_1187476.jpg) [Download](https://sms4smile.com/quotes/i/2fe/murray-rothbard-1563_daily_the-threat-of-gold-redeemability-imposes_1187476.jpg) [Open image](https://sms4smile.com/quotes/i/2fe/murray-rothbard-1563_daily_the-threat-of-gold-redeemability-imposes_1187476.jpg) > “The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily lives.” [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Gold’s convertibility forces governments to keep inflation in check; removing that constraint lets them print money freely, leading to propaganda against gold usage. **In simple terms:** Gold limits government inflation; without it, money can be printed unchecked. Key Takeaway Protect monetary soundness by preserving gold’s role. Themes inflation monetary policy government control propaganda Mood cautious critical analytical Type economic political historical When to use this quote - budget planning - personal finance - policy advocacy - educational campaigns Key Concepts sound money inflationary bias public persuasion Questions to Reflect On - How does gold’s presence affect public trust in currency? - What alternatives can ensure monetary stability? A Different Perspective If gold is removed from circulation, inflation may accelerate despite other controls. ★ ★ ★ ★ ★ No ratings yet [Gold](https://sms4smile.com/quotes/about/gold/) [Gold coins](https://sms4smile.com/quotes/about/gold-coins/) [Government](https://sms4smile.com/quotes/about/government/) [Politics](https://sms4smile.com/quotes/about/politics/) [Propaganda](https://sms4smile.com/quotes/about/propaganda/) ## Related quotes > [Governments have persistently tried their best to promote, encourage, and expand the circulation of bank and government paper, and to discourage the people's use…](https://sms4smile.com/quotes/murray-rothbard/governments-have-persistently-tried-their-best-to-promote-encourage/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [I see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate.](https://sms4smile.com/quotes/murray-rothbard/i-see-a-great-future-for-gold-and-silver-coins-as-the-currency-people/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [When people become frightened, they look for things of real value. They will go to monetary metals, gold and silver, and they will buy…](https://sms4smile.com/quotes/ron-paul/when-people-become-frightened-they-look-for-things-of-real-value-they/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [I went to America in the winter of 1872-73, authorised to secure, if I could, the passage of a bill demonetising silver. It was…](https://sms4smile.com/quotes/ernest-seyd/i-went-to-america-in-the-winter-of-1872-73-authorised-to-secure-if-i/) Ernest Seyd > [“When they brag about god, I just hear jingling gold coins.”](https://sms4smile.com/quotes/toba-beta/when-they-brag-about-god-i-just-hear-jingling-gold-coins/) [Toba Beta](https://sms4smile.com/quotes/author/toba-beta/) > [You must be very patient, very persistent. The world isn't going to shower gold coins on you just because you have a good idea.…](https://sms4smile.com/quotes/herb-kelleher/you-must-be-very-patient-very-persistent-the-world-isn-t-going-to/) [Herb Kelleher](https://sms4smile.com/quotes/author/herb-kelleher/) > [“The best place to hide gold coins is in a treasure chest filled with those circular chocolates that are coin-sized and wrapped in gold…](https://sms4smile.com/quotes/jarod-kintz/the-best-place-to-hide-gold-coins-is-in-a-treasure-chest-filled-with/) [Jarod Kintz](https://sms4smile.com/quotes/author/jarod-kintz/) > [“Liam couldn’t stand it any longer. He wriggled to get out of Mommy’s arms. As she bent to let him go, he scrambled over…](https://sms4smile.com/quotes/thea-harrison/liam-couldn-t-stand-it-any-longer-he-wriggled-to-get-out-of-mommy-s/) [Thea Harrison](https://sms4smile.com/quotes/author/thea-harrison/) > [ Experience, however, shows that neither a state nor a bank ever have \[sic\] had the unrestricted power of issuing paper money without abusing that… ](https://sms4smile.com/quotes/david-ricardo/experience-however-shows-that-neither-a-state-nor-a-bank-ever-have/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [Maybe we should always show pictures. Bin Laden, pictures of our wounded service people, pictures of maimed innocent civilians. We can only make decisions…](https://sms4smile.com/quotes/jon-stewart/maybe-we-should-always-show-pictures-bin-laden-pictures-of-our/) [Jon Stewart](https://sms4smile.com/quotes/author/jon-stewart/) > [Authors, like coins, grow dear as they grow old.](https://sms4smile.com/quotes/alexander-pope/authors-like-coins-grow-dear-as-they-grow-old/) [Alexander Pope](https://sms4smile.com/quotes/author/alexander-pope/) > [A chest of gold coins or a fat wallet of bills is of no use whatsoever to a wrecked sailor alone on a raft.](https://sms4smile.com/quotes/alan-watts/a-chest-of-gold-coins-or-a-fat-wallet-of-bills-is-of-no-use/) [Alan Watts](https://sms4smile.com/quotes/author/alan-watts/) > [Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty…](https://sms4smile.com/quotes/james-dale-davidson/place-5-percent-to-10-percent-of-your-total-assets-in-gold-bullion/) [James Dale Davidson](https://sms4smile.com/quotes/author/james-dale-davidson/) > [If you hit a midget on the head with a stick, he turns into 40 gold coins.](https://sms4smile.com/quotes/patton-oswalt/if-you-hit-a-midget-on-the-head-with-a-stick-he-turns-into-40-gold/) [Patton Oswalt](https://sms4smile.com/quotes/author/patton-oswalt/) > [Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only…](https://sms4smile.com/quotes/ludwig-von-mises/under-the-gold-standard-gold-is-money-and-money-is-gold-it-is/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) ## More by Murray Rothbard > [I think one of the most important directions to be pursued in the 'sciences of human action' is to develop a natural-law ethics based…](https://sms4smile.com/quotes/murray-rothbard/i-think-one-of-the-most-important-directions-to-be-pursued-in-the/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Since the State necessarily lives by the compulsory confiscation of private capital, and since its expansion necessarily involves ever-greater incursions on private individuals and…](https://sms4smile.com/quotes/murray-rothbard/since-the-state-necessarily-lives-by-the-compulsory-confiscation-of/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.](https://sms4smile.com/quotes/murray-rothbard/falling-prices-through-increased-production-is-a-wonderful-long-run/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [To deprecate human reason by saying that none of us is or can be omniscient is absurd, for it takes an impossible standard as…](https://sms4smile.com/quotes/murray-rothbard/to-deprecate-human-reason-by-saying-that-none-of-us-is-or-can-be/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Cops must be unleashed, and allowed to administer instant punishment, subject of course to liability when they are in error.](https://sms4smile.com/quotes/murray-rothbard/cops-must-be-unleashed-and-allowed-to-administer-instant-punishment/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Subjectivism is not an absolute principle; it is a necessary but not sufficient condition for sound methodology.](https://sms4smile.com/quotes/murray-rothbard/subjectivism-is-not-an-absolute-principle-it-is-a-necessary-but-not/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [We must therefore turn to history for enlightenment; here we find that none of the proclaimed anarchist groups correspond to the libertarian position, that…](https://sms4smile.com/quotes/murray-rothbard/we-must-therefore-turn-to-history-for-enlightenment-here-we-find-that/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father.](https://sms4smile.com/quotes/murray-rothbard/john-stuart-was-the-quintessence-of-soft-rather-than-hardcore-a/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [What do intellectuals and opinion makers get from big government? An increasing number of cushy jobs in the bureaucracy, or in the government-subsidized sector,…](https://sms4smile.com/quotes/murray-rothbard/what-do-intellectuals-and-opinion-makers-get-from-big-government-an/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [The major reason for Keynes's rejection of communism was simply that he could scarcely identify with the grubby proletariat.](https://sms4smile.com/quotes/murray-rothbard/the-major-reason-for-keynes-s-rejection-of-communism-was-simply-that/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the…](https://sms4smile.com/quotes/murray-rothbard/liberty-and-morality-had-to-win-their-way-slowly-over-many-centuries/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [The State has invariably shown a striking talent for the expansion of its powers beyond any limits that might be imposed upon it.](https://sms4smile.com/quotes/murray-rothbard/the-state-has-invariably-shown-a-striking-talent-for-the-expansion-of/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Absolute freedom need not be lost as the price we must pay for the advent of civilization; men are born free, and need never…](https://sms4smile.com/quotes/murray-rothbard/absolute-freedom-need-not-be-lost-as-the-price-we-must-pay-for-the/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Absolute freedom need not be lost as the price we must pay for the advent of civilization. Man may achieve liberty and abundance, freedom…](https://sms4smile.com/quotes/murray-rothbard/absolute-freedom-need-not-be-lost-as-the-price-we-must-pay-for-the-2/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the…](https://sms4smile.com/quotes/murray-rothbard/the-underconsumptionist-of-1819-believed-that-consumption-would-be/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) [Explore all 227 Murray Rothbard quotes ](https://sms4smile.com/quotes/author/murray-rothbard/) ## More Daily quotes > [“Start the daily practice of joyful living.”](https://sms4smile.com/quotes/bryant-mcgill/start-the-daily-practice-of-joyful-living/) [Bryant McGill](https://sms4smile.com/quotes/author/bryant-mcgill/) > [I don't have to deal with the issues of the daily news cycle.](https://sms4smile.com/quotes/ron-suskind/i-don-t-have-to-deal-with-the-issues-of-the-daily-news-cycle/) [Ron Suskind](https://sms4smile.com/quotes/author/ron-suskind/) > [In daily or everyday life, I am so impressed with tiny details, like when I look up at a street lamp falling on the…](https://sms4smile.com/quotes/makoto-shinkai/in-daily-or-everyday-life-i-am-so-impressed-with-tiny-details-like/) [Makoto Shinkai](https://sms4smile.com/quotes/author/makoto-shinkai/) > [I want to show that drama doesn't lie only in blood and destroyed buildings but in daily life, in ordinary human beings.](https://sms4smile.com/quotes/jasmila-zbanic/i-want-to-show-that-drama-doesn-t-lie-only-in-blood-and-destroyed/) [Jasmila Zbanic](https://sms4smile.com/quotes/author/jasmila-zbanic/) > [I do some kind of work, whether writing or painting or recording, on a daily basis. And it's so essential that when I'm involved…](https://sms4smile.com/quotes/david-bowie/i-do-some-kind-of-work-whether-writing-or-painting-or-recording-on-a/) [David Bowie](https://sms4smile.com/quotes/author/david-bowie/) > [I found by daily experience, the more I did, the more I might do for God.](https://sms4smile.com/quotes/george-whitefield/i-found-by-daily-experience-the-more-i-did-the-more-i-might-do-for-god/) [George Whitefield](https://sms4smile.com/quotes/author/george-whitefield/) > [Daily, I visualize the smart-ass troll who lives deep in my subconscious, and I pelt him with rainbows and unicorns. I fight a battle…](https://sms4smile.com/quotes/julie-plec/daily-i-visualize-the-smart-ass-troll-who-lives-deep-in-my/) [Julie Plec](https://sms4smile.com/quotes/author/julie-plec/) > [A small daily task, if it be really daily, will beat the labours of a spasmodic Hercules.](https://sms4smile.com/quotes/anthony-trollope/a-small-daily-task-if-it-be-really-daily-will-beat-the-labours-of-a/) [Anthony Trollope](https://sms4smile.com/quotes/author/anthony-trollope/) > [One must not only die daily, but every day we must be born again.](https://sms4smile.com/quotes/dorothy-l-sayers/one-must-not-only-die-daily-but-every-day-we-must-be-born-again/) [Dorothy L. Sayers](https://sms4smile.com/quotes/author/dorothy-l-sayers/) > [Most restaurant people work much harder physically, on a daily basis, than most entertainers. Though most people in entertainment complain more.](https://sms4smile.com/quotes/philip-rosenthal/most-restaurant-people-work-much-harder-physically-on-a-daily-basis/) [Philip Rosenthal](https://sms4smile.com/quotes/author/philip-rosenthal/) > [I organize all my footage by the date it was shot, and then arrange everything in a timeline once I begin a project. I…](https://sms4smile.com/quotes/john-wilson/i-organize-all-my-footage-by-the-date-it-was-shot-and-then-arrange/) [John Wilson](https://sms4smile.com/quotes/author/john-wilson/) > [Sibi Malayali sir saw a picture of me in a Malayalam daily and felt I was suited for a role in his movie 'Ishtam.'…](https://sms4smile.com/quotes/navya-nair/sibi-malayali-sir-saw-a-picture-of-me-in-a-malayalam-daily-and-felt-i/) [Navya Nair](https://sms4smile.com/quotes/author/navya-nair/) > [As the former U.S. Ambassador to Japan, I dealt on a daily basis with China.](https://sms4smile.com/quotes/bill-hagerty/as-the-former-u-s-ambassador-to-japan-i-dealt-on-a-daily-basis-with/) [Bill Hagerty](https://sms4smile.com/quotes/author/bill-hagerty/) > [There are many females in my life I couldn't function on a daily basis without who I've purposely put there that work with me.](https://sms4smile.com/quotes/iggy-azalea/there-are-many-females-in-my-life-i-couldn-t-function-on-a-daily/) [Iggy Azalea](https://sms4smile.com/quotes/author/iggy-azalea/) > [The gym is somewhere you can go to just forget for an hour what you do for a living, what you are doing on…](https://sms4smile.com/quotes/luke-evans/the-gym-is-somewhere-you-can-go-to-just-forget-for-an-hour-what-you/) [Luke Evans](https://sms4smile.com/quotes/author/luke-evans/) Browse all 1,563 Daily quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily lives.", "creator": { "@type": "Person", "name": "Murray Rothbard" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/murray-rothbard/the-threat-of-gold-redeemability-imposes-a-constant-check-and-limit/", "about": { "@type": "Thing", "name": "Daily" }, "@id": "https://sms4smile.com/quotes/murray-rothbard/the-threat-of-gold-redeemability-imposes-a-constant-check-and-limit/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2fe/murray-rothbard-1563_daily_the-threat-of-gold-redeemability-imposes_1187476.jpg", "contentUrl": "https://sms4smile.com/quotes/i/2fe/murray-rothbard-1563_daily_the-threat-of-gold-redeemability-imposes_1187476.jpg", "url": "https://sms4smile.com/quotes/i/2fe/murray-rothbard-1563_daily_the-threat-of-gold-redeemability-imposes_1187476.jpg", "width": 1080, "height": 1080, "caption": "“The threat of gold redeemability imposes a constant check and limit on inflationary issues of government…” — Murray Rothbard", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Murray Rothbard", "item": "https://sms4smile.com/quotes/author/murray-rothbard/" }, { "@type": "ListItem", "position": 4, "name": "The threat of gold redeemability imposes...", "item": "https://sms4smile.com/quotes/murray-rothbard/the-threat-of-gold-redeemability-imposes-a-constant-check-and-limit/" } ], "@id": "https://sms4smile.com/quotes/murray-rothbard/the-threat-of-gold-redeemability-imposes-a-constant-check-and-limit/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```