For the etatist, money is a creature of the State, and the esteem in which money is held is the economic expression of the respect or prestige enjoyed by the State. The more powerful and the richer the State, the better its money. Thus, during the War, it was asserted that 'the monetary standard of the victors' would ultimately be the best money. Yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money. . Ludwig Von Mises
About This Quote

It isn't the state of money that matters, but rather the power of monetary system.  The more powerful the government, the better its money. Thus, during the war it was asserted that "the monetary standard of the victors would ultimately be the best money"---yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money. And this is certainly true in terms of how it affects us here in America. The dollar has lost much of its value over the past four decades, but we've found our way back to where all our other values are not just economic values but values that are moral and ethical. And it may be that in the future, there will be a time when there is no need for an American dollar because all other nations will use it as their currency. But in terms of what we do in this country today, there is no reason to worry about whether or not we have enough dollars.

Source: The Theory Of Money And Credit

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