In an enlightening conversation that sheds light on our economic landscape, Mike Maloney and Alan Hibbard delve into a topic that often flies under the radar in mainstream discussions: The profound influence of our monetary system on economic realities. While political parties constantly shift positions and power, the overarching structure of money itself remains a central determinant of our collective financial well-being. One primary theme in their discussion is the concept of sound money. Historically, sound money—often characterized by being scarce and serving as a reliable store of value—has provided stability and has been a safeguard against inflation. In contrast,…
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