4min snip

The "What is Money?" Show cover image

Bitcoin vs. The Federal Reserve with Chris Sullivan from Jekyll Island (WiM537)

The "What is Money?" Show

INSIGHT

Sound Money vs. Fiat Money

  • Historically, sound money (like gold) has been the norm for most of human history.
  • The last 100+ years, with fiat currencies, are an anomaly.
  • Sound money represents a vote of no confidence in a government's monetary policies.
  • It allows people to opt out of inflationary systems.
  • JFK's attempt to issue silver certificates challenged the Federal Reserve's power, suggesting a move towards sound money.
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