#02 Sound Money vs. Fiat Currency

Nations backing their currencies with sound money was once the standard for economies everywhere in the world. For centuries, currencies were backed by real assets like gold and yet fiat would eventually come to replace all of them, but why? In this episode, I'll first explain what both sound money and fiat currency are as well as the advantages and disadvantages to using them, and then why governments should turn away from fiat and return to sound money once again.