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<blockquote data-quote="Elipe" data-source="post: 1503414" data-attributes="member: 17998">I think you may be putting the cart before the horse. Strong money doesn't make a healthy civilization, but rather, a healthy civilization makes strong money. &quot;Good men make good times,&quot; as the famous meme goes. Money gets devalued because of things like inflation, usury, and other manipulations of money. Those things are sign of lack of self-control and the transformation of greed from a vice into a virtue.Strong money means we're not just handing out money to idiots that can't be trusted with it. It means money is used as a tool to reward resourcefulness and productivity. When good men build good times, what we mean is that they intentionally balance the money supply so that it is limited and finite, so that people are incentivized to be wiser and shrewder about how they spend their money. This slows inflation, and assets become more valuable over time because asset appreciation outpaces inflation. This also teaches people more discipline and self-control, which has other benefits that lead to healthier, higher-trust societies.Easy money means fewer consequences for bad behavior and less reason to think about where you're putting your money. But it always starts with greed, with the desire to remove consequences from bad behaviors. And it's also much more politically popular to be the guy printing dollar bills and throwing them around on the streets rather than the guy scolding people for running onto the streets to grab the dollars flying around. The scolder is right, but people will hate him because they want easy money. It takes a society of good men to appreciate the scolder.</blockquote>

[QUOTE="Elipe, post: 1503414, member: 17998"] I think you may be putting the cart before the horse. Strong money doesn't make a healthy civilization, but rather, a healthy civilization makes strong money. "Good men make good times," as the famous meme goes. Money gets devalued because of things like inflation, usury, and other manipulations of money. Those things are sign of lack of self-control and the transformation of greed from a vice into a virtue. Strong money means we're not just handing out money to idiots that can't be trusted with it. It means money is used as a tool to reward resourcefulness and productivity. When good men build good times, what we mean is that they intentionally balance the money supply so that it is limited and finite, so that people are incentivized to be wiser and shrewder about how they spend their money. This slows inflation, and assets become more valuable over time because asset appreciation outpaces inflation. This also teaches people more discipline and self-control, which has other benefits that lead to healthier, higher-trust societies. Easy money means fewer consequences for bad behavior and less reason to think about where you're putting your money. But it always starts with greed, with the desire to remove consequences from bad behaviors. And it's also much more politically popular to be the guy printing dollar bills and throwing them around on the streets rather than the guy scolding people for running onto the streets to grab the dollars flying around. The scolder is right, but people will hate him because they want easy money. It takes a society of good men to appreciate the scolder. [/QUOTE]

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