What is Sound Money?

Tags: Austrian Economics Overview, Money and Banks

05/01/2010 Joseph T. Salerno

Sound money even sounds heavier than unsound money. Gold and silver originated on the market and reigned as the preferred money because the metals were easily portable, homogeneous, highly divisible, highly durable, and naturally scarce. Paper has none of those attributes.

Hosted at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.

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