It allows for financial autonomy from "summary" of The Fiat Standard by Saifedean Ammous
Financial autonomy is a fundamental concept that is often overlooked in discussions about money. In the modern world, where fiat currencies reign supreme, individuals are subject to the whims of central banks and governments when it comes to their financial well-being. The value of fiat money is determined by these institutions, making it vulnerable to manipulation and depreciation. In contrast, a system based on sound money, such as the gold standard, allows for financial autonomy. When money is backed by a tangible asset like gold, its value is not subject to the arbitrary decisions of central authorities. This gives individuals more control over their wealth and financial security. They are not at the mercy of inflation or government policies that devalue their money. With financial autonomy, individuals can make long-term plans and investments with confidence, knowing that their wealth will not be eroded by inflation or other economic factors beyond their control. This stability is crucial for building wealth and securing a comfortable future for oneself and one's family. By embracing sound money principles and advocating for a return to the gold standard, individuals can take back control of their financial destinies. They can protect themselves from the risks and uncertainties of fiat currencies and ensure their long-term prosperity. Financial autonomy is not just a lofty ideal; it is a practical necessity in today's uncertain economic landscape. Only by understanding the importance of sound money can individuals truly achieve financial independence and security.
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