We’ve all heard the criticism, sound money can’t work because people will simply “hoard it.” Obviously, per the Keynesians’ demands, it is critical that we incentivize consumption and investment or the economy will fall into chaos and poverty. But how sound is this idea really? Does a money that keeps its value and isn’t debased REALLY destroy the economy? What if this statement is simply…. wrong?
All this and more in today’s Guy’s Take to break down the concepts of natural deflation, its differences with credit deflation, the boogeyman it’s been confused with, & what sound money gives to the economy that uses it.
Some other great episodes mentioned in today’s show to expand on the ideas & go further down the rabbit hole:
The Use of Knowledge in Society
Guy’s Take #18 – A Story of Booms and Busts
Guy’s Take #36 – Walking Tall
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