6min chapter

Coin Stories with Natalie Brunell cover image

Saifedean: Why Capitalism is Good and We Don't Need Expanding Money Supply, a Preview of his New Book: Principles of Economics

Coin Stories with Natalie Brunell

CHAPTER

The Importance of Hard Money in Time Preference

"Hard money is an enormously pivotal technology for the lowering of time preference," he says. "The harder our money gets, the more we're able to plan for the future." The more resources we put aside from consumption, 'we delay consumption' and then we can invest in capital goods like fishing spurs productivity even if economy doesn't have money.

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