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We've all heard the criticism, sound money can't work because people will simply "hoard it." Obviously, per the Keynesians' demands, it is critical that we incentivize consumption and investment or the economy will fall into chaos and poverty. But how sound is this idea really? Does a money that keeps its value and isn't debased REALLY destroy the economy? What if this statement is simply.... wrong?\n\nAll this and more in today's Guy's Take to break down the concepts of natural deflation, its differences with credit deflation, the boogeyman it's been confused with, & what sound money gives to the economy that uses it.\n\nSome other great episodes mentioned in today's show to expand on the ideas & go further down the rabbit hole:\n\nThe Use of Knowledge in Society\n\nhttps://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/\n\nGuy's Take #18 - A Story of Booms and Busts\n\nhttps://bitcoinaudible.com/a-story-about-booms-busts/\n\nGuy's Take #36 - Walking Tall\n\nhttps://bitcoinaudible.com/guys-take-36-walking-tall/\n\n\nOur amazing sponsors for today's show, keeping Bitcoin Audible alive!\n\nThe\xa0BitBox02 hardware wallet\xa0for the trifecta of ease of use, security, & open source key storage.\n\n\nSwanBitcoin.com\xa0for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking.\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message