Sound Money Vs. Fiat Currency: Trade and Credit Are the Wild Cards

We need to start thinking outside the current system, which has no solutions.

Apr 11, 2024

∙ Paid

Our convictions about money are quasi-religious: heretics are burned at the stake. I'm not sure which stake I'll be tied to, because all the conventional choices--fiat currency, sound money (gold, Bitcoin) or debt-free currency (a.k.a. MMT)--are all fatally flawed.

To understand why, consider the wild cards in any monetary system: global trade and credit.

Keep reading with a 7-day free trial

Subscribe to Charles Hugh Smith's Substack to keep reading this post and get 7 days of free access to the full post archives.