Sound money

Sound money refers to a currency that maintains its value over time, primarily because it is backed by a tangible asset like gold or silver, or operates under a stable and disciplined monetary policy. It minimizes inflation and preserves purchasing power, providing confidence for individuals and markets. Unlike money that can be easily printed excessively, leading to devaluation, sound money encourages saving and long-term planning. Essentially, it’s money that retains its value and trustworthiness, fostering economic stability and discipline in how money is issued and managed.