sound money

Noun

Meaning

(banking, finance) Money which is stable and not subject to sudden appreciation or depreciation.

(banking, finance) Any currency which is based on or redeemable in gold.

Examples

Sound money is the sine qua non of a prosperous society. Arthur Laffer

The people are on the side of sound money. They are so unalterably on the side of sound money that it is a serious question how they would regard the system under which they live, if they once knew what the initiated can do with it. Henry Ford

I have only ever borrowed money for investment. I have been sound money all my life. Ken Livingstone

True prosperity can only come from a healthy economy and sound money. That can only be achieved in a free society. Ron Paul

Classical economists who had argued for sound money and Say's law were out in the cold. Source: Internet

Free markets and sound money benefit savers and workers by increasing the purchasing power of their savings and wages over time. Source: Internet

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