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sound currency
noun as in legal tender
Example Sentences
No debate whatsoever about reducing inflation and the deficit, paying off the debt, raising interest rates so as to not throttle savers and senior citizens, maintaining a sound currency.
He consistently argued that a sound currency was critical to a functioning free economy.
That decision—stay with a sound currency controlled by a far-away European central bank, or return to a national currency issued in Athens—is a choice about whether or not to accept basic economics.
That’s why the 1978 Humphrey-Hawkins Act proved so dangerous to the national credit, for it charged the U.S. central bank—the Federal Reserve—with the impossible, contradictory task of balancing the economic need for a sound currency with the political desire for full employment.
I would suggest the simpler Hamiltonian course of repealing Humphrey-Hawkins, giving the Fed responsibility and regulatory powers only to ensure a sound currency, and insulating it as much as possible from meddling by government, now more fiscally profligate than usual.
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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
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