Sound money promotes economic efficiency from "summary" of The Fiat Standard by Saifedean Ammous
Sound money, by its very nature, is money that holds its value over time. It is money that cannot be easily manipulated or debased by governments or central banks. This stability in value is essential for promoting economic efficiency. When money holds its value, individuals and businesses can make economic decisions with confidence. They can save and invest for the future without fear of losing their purchasing power due to inflation or government intervention. In a system of sound money, prices accurately reflect the true supply and demand of goods and services in the economy. This allows resources to be allocated efficiently, leading to higher levels of productivity and economic growth. When money is sound, market signals are clear and distortions are minimized, leading to a more stable and prosperous...
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