Bad ideas are sometimes the hardest to dethrone. It’s probably accurate to say most people think of money as the paper currency printed by governments. And it is money in the sense that it functions as a medium of exchange, but is it sound? Is it vulnerable to inflation? Its very existence is evidence that it is, so why are so many people reluctant to switch to a money that isn’t?There any many myths surrounding hard money currencies, and one of them is that money, both its nature and supply, is best left to the alleged guardian of our rights, the state. The fact that money came into existence on the market, and that its ultimate form and supply were determined by economic law, is disregarded. Money matters belong to the state because the state, unlike the rest of us, is in a position to
Read More »2024-05-13