Why Stable Money Matters

1 year ago
65

Unstable paper currencies can quickly harm an economy through high inflation and interest rates, making it difficult for long-term contracts. To ensure stability, it's best to have a stable currency for extended periods, which is why the bond market exists. Ideally, monetary policy should aim for low rates, broad-based flat taxes, and sound money.

Watch more of this short video from Dr. Art Laffer: Economy Stuck In 'Secular Decline' & No Signs Of Reversal Anytime Soon.

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