Mises did not treat central banking as capitalism; he firmly opposed central banks and any form of centrally controlled monetary policy, arguing that true capitalism requires free-market money. As he wrote in "Human Action": > “The gold standard is the world’s money. It is not the money of governments and kings, it is the money of the people... The government may destroy the gold standard system. But it cannot replace it.” Mises was clear that central banking represents government intervention, not a feature of capitalism.

A gold standard is still with central banks.