Source: Foundation for Economic Education
by Michael S Milano
“The future of money is being coded — not printed — and the preservation of our liberties hinges on whether the underlying protocols uphold the principles of sound money. As a commodity, money is unlike any other; it is not consumed, nor does it directly contribute to the production process. Individuals naturally seek to acquire as much as possible, yet paradoxically, from a societal perspective, more is not better. There is no such thing as an ‘optimal’ money supply; any quantity is sufficient, as long as prices can freely adjust. Statists often conflate monetary expansion with economic growth, but inflation merely erodes the purchasing power of existing monetary units — enriching the earliest recipients at everyone else’s expense.” (10/08/25)