Sound Money: Promotes honesty, transparency, and accountability of the state. It ties spending to actual production, enforces cost-benefit analysis, and limits state power to what the population accepts. Consumption follows production.
Unsound Money: Enables states to finance popular programs without direct accountability by expanding the money supply. The costs (inflation, currency devaluation) become evident later and can be blamed on external factors like foreigners, bankers, or minorities.
AlgoDev
npub15d…hnlr0
2025-05-12 19:02:41
Author Public Key
npub15ddehnhevkm5mlefwjzawlh50ww54npht2k0papkpzqd3f4jwgfqyhnlr0Published at
2025-05-12 19:02:41Event JSON
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"content": "Sound Money: Promotes honesty, transparency, and accountability of the state. It ties spending to actual production, enforces cost-benefit analysis, and limits state power to what the population accepts. Consumption follows production.\n\nUnsound Money: Enables states to finance popular programs without direct accountability by expanding the money supply. The costs (inflation, currency devaluation) become evident later and can be blamed on external factors like foreigners, bankers, or minorities.",
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}