Gold as the hardest money (p1)
Last updated
Last updated
In this clip from a book presentation of The Bitcoin Standard, Saifedean Ammous explains why hard money survives and why gold has been the hardest money throughout history.
Saifedean Ammous
5min
Takeaway Whenever a new thing starts being used as money, people will create more of it, resulting in debasement and an inability to store value over time. Only real limitations to the creation of money allow it to survive. The more difficult to create more of it (hardness), the better it is able to retain value.