NEW GILDER BOOK MAKES STRONG CASE FOR SOUND MONEY
From James Grant: Money is information, says Gilder. It’s a measuring stick, not a magic wand.” Wealth is knowledge and growth is learning. Prices should always trend down over the long-term in a capitalist economy to reflect continuous improvements in the technique of production. ….Researchers in Bitcoin and other digital currencies have shown that the real source of the value of any money is its authenticity and reliability as a measuring stick of economic activity. A measuring stick cannot be part of what it measures.
Atlas Advisory Council member and APP Chairman Sean Fieler introduced Gilder’s remarks and helped to frame the ensuing discussion, which also included financial publishers Steve Forbes and Jim Grant. The event highlighted how Gilder’s fresh take on the currency debate could help make the need for sound money politically salient in the coming year.
Read “George Gilder Book Launch in NYC.”
Read Gilder’s full book, The 21st Century Case for Gold: A New Information Theory of Money.
View highlights from Gilder’s APP presentation.