J • :t .- LuDWIG voN MisEs AND THE CAsE FOR GoLD George Selgin Ludwig von Mises is well-known for his uncompromising defense of the gold standard during a period when that standard was being denounced by most other prominent economists. Mises' reasons for preferring gold over a managed fiat money are not so widely under stood. Some self-styled "Misesians" defend the gold standard (or an extreme "100 percent" gold standard) on ideological and moral ("natural rights") grounds...