Guest Post by Nick Giambruno
Hardness is the most important characteristic of a good money.
Hardness does not mean something that is necessarily tangible or physically hard, like metal. Instead, it means “hard to produce.”
By contrast, “easy money” is easy to produce.
The best way to think of hardness is “resistance to inflation,” which helps make it a good store of value—an essential function of money.
Would you want to put your savings into something that somebody else can create with no effort or cost?
Of course, you wouldn’t.
Continue reading “The Most Inflation-Resistant Money the World Has Ever Known”
