Forbes (June 25)
“The fundamental importance of sound money has been virtually forgotten by the economics profession today, even though no country has ever achieved sustained prosperity without it. A stable currency is the foundation for the literally billions of transactions and economic arrangements that make growth possible. To simplify, imagine how difficult it would be to function if the number of minutes in an hour were constantly changing. Even cooking would be problematic.”
“The fundamental importance of sound money has been virtually forgotten by the economics profession today, even though no country has ever achieved sustained prosperity without it. A stable currency is the foundation for the literally billions of transactions and economic arrangements that make growth possible. To simplify, imagine how difficult it would be to function if the number of minutes in an hour were constantly changing. Even cooking would be problematic.”
Tags: Economics, Prosperity, Sound money, Stable currency
