Sound money makes the subject academic.
I said that a long time ago.
Absent banksters mucking it up money works almost as good as social standing.
Still, people load trucks, not cash.
Labor creates wealth, not capital.
Sound money makes the subject academic.
I said that a long time ago.
Absent banksters mucking it up money works almost as good as social standing.
Still, people load trucks, not cash.
Labor creates wealth, not capital.
No...it doesn't.
Far from it. Sound money allows for free market capitalism.
There is no sound money in communism. (either by no money at all - or a controlled economy - either paradigms mean no efficient price discovery mechanism, thus making sound money a nonsensical concept)
Precisely so, and capital can aid in the efficiency of that labor to go onto bigger and better things.
Welcome!