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  • If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.

    "The Gold Standard". Excerpt from chapter 17 of "Human Action, The Scholar's Edition", book by Ludwig von Mises, mises.org. 1949.