International Man: For over 2,500 years, gold has been mankind’s most enduring money. However, with the emergence of Bitcoin there is a new hard money option. How do you see the two as governments worldwide continue to engage in rampant currency debasement and are rolling out central bank digital currencies (CBDCs)?
Nick Giambruno: First, I am all for free-market competition in money. I say let the best money win. Having a handle on the basics is crucial to understand what is happening here. Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp.
It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing. Understanding money is intuitive and straightforward.
Money is simply something useful for storing and exchanging value. That’s it. The way I see it, three primary […]
Excerpt Sourced From: freedomfirstnetwork.com
