Friday, November 7, 2008

Why Sound Money

One may ask, why does sound money matter? Let’s talk about that a little.

When you earn money would you like to keep what you earn? Are you opposed to the idea of people secretly sneaking in your home and stealing what you have earned or been given as a gift?

If you answered yes to those questions, please read on. This will be of interest to you.

Here is a simple definition of sound money:

Sound money is a commodity that is costly to produce and which has been voluntarily accepted by market participants for use in indirect exchange.

Sound money could also be called commodity money or natural money.

So why care about sound money?

Sound money stands as a protector of property rights. In other words, in a sound money economy the money and other property you earn, you get to keep.

Without sound money, the best of your labor and wealth is systematically confiscated, pillaged, stolen… Without sound money, you are robbed, plain and simple.

We will talk more about this subject so that the objective truth of these statements will be clearer to those who are opposed to being pillaged, but don’t have time to study economics in depth.

No comments: