Malthusian Misesians

From What Constitutes a Gold Standard, on the Mises Institute's website:

The generic gold standard may be briefly defined as a monetary system where the unit of value — in terms of which prices, wages, and debts are customarily expressed and paid — consists of the value of a fixed quantity of gold in a large international market that is substantially free. [emphasis added]

Yet these same people assume that the market can create any other good or service through economic growth essentially without limit. They would object to a society disciplined by, say, a "fixed quantity" of food, health care, electricity, gasoline, housing or other goods or services which for some reason resist increases in production and supply in response to population growth or price signals. If anything, they dismiss concerns about limits to economic progress imposed by a shortage of any material resource other than gold because, they argue, human ingenuity acting in response to price signals in the market can find cheaper substitutes for the resource, get more performance out of a kilogram of the resource and thus effectively increase its supply, bypass the need for the resource through invention and clever engineering, etc.

Of course, people generations ago did this when they invented paper money as a cheap substitute for gold. But Misesians disapprove of the application of ingenuity to this one scarce resource, despite the fact that it generally works. (What would the Misesians' sometime allies, the Objectivists, say if you told the latter that someone has forbidden man's mind to think about solving an economic problem caused by a resource scarcity? Then you explain to them that their buddies, the Misesians, have done just that about gold?) Think of all the hundreds of millions of people who've had materially satisfying lives without ever having to handle a gold coin, unless they bought them as collectors in exchange for paper money. Why do Misesians give this one resource a special privilege they deny to all other resources?

Of course, I would say that "money" doesn't exist in nature, even if you attribute money's function to gold, but requires social and political construction, and therefore incorporates some arbitrary choices in the beginning. Gold doesn't have any inherent privileged status, in other words, apart from a consensus to give it such, a view which much of the world no longer accepts.