2min chapter

Tom Bilyeu's Impact Theory cover image

Why Your Money Becomes WORTHLESS & How To Build Wealth In The NEW ECONOMY | Robert Breedlove

Tom Bilyeu's Impact Theory

CHAPTER

The Process of Monetization and Demonetization

When bad money circulates, people tend to hoard the thing that can't be printed or is not being debased. Gresham's law said that bad money tends to drive good money out of circulation. People hoarded coins with more precious metal content and spent ones with less. This is why gold became money; it was difficult to inflate or counterfeit.

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