Cost of Monetary Production ~ Ethics of Money Production
World Crypto Network
Hülsmann argues that commodity money (gold/silver) is superior to paper because production costs naturally limit supply and prevent depreciation, while paper currency requires massive bureaucratic overhead—the Fed employs 23,000 staff, Bundesbank 11,500, Bank of France 11,800—and enables arbitrary multiplication and manipulation. Counting total system costs, commodity money proves more economical,

https://relay.towardsliberty.com/e4d5d73162a5cce9023adcfac9cf21ae6f291ebae8d26c131804f53c6ea9d0a6.mp4