Sound money encourages saving and investment, driving economic progress from "summary" of The Bitcoin Standard by Saifedean Ammous
Sound money is a critical component of a healthy economy. When individuals have confidence in the stability and purchasing power of their money, they are more likely to save and invest for the future. This saving and investment drive economic progress by fostering capital formation and supporting productive activities. Sound money provides a reliable store of value over time, allowing individuals to accumulate wealth and plan for the future with certainty. This encourages people to defer consumption and allocate resources towards productive investments that can generate returns in the long run. As a result, sound money incentivizes individuals to engage in productive economic activities that contribute to overall pr...
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