This paper builds on growing evidence that aspirated or fortis obstruents in languages like English and German are laryngeally marked, but that phonetic voicing in the (unmarked) unaspirated or lenis series is contextually determined. Employing the laryngeal feature set proposed by Halle & Stevens (1971), as incorporated into the ‘dimensional theory’ of laryngeal representation (Avery & Idsardi 2001, forthcoming), we develop an explicit account of this phonetic enhancement of phonological contrasts, which is widely known as ‘passive voicing’. We find that both passive voicing and inherent aspiration have been phonetic and phonological characteristics of the Germanic languages since the break-up of Indo-European, with laryngeally unmarked stops repeatedly enhanced by the gesture of [spread glottis]. A key implication of this view is that Verner's Law was not an innovation specifically of early Germanic, but rather is an automatic (ultimately phonologised) reflex of passive voicing, itself a ‘persistent change’ rising out of the enduring ‘base of articulation’ that came to characterise Germanic.