I would also addOk, it didn't seem like you, but I can take it
YES! This is the reply I compiled before you wrote this with snipets from different sources.
What happens when we become a truly cashless society? People now don't understand the importance and significance of the link between money and a real commodity, but at least there is still representative money to physically handle and remind us that it used to be there. What happens when the representative money is gone?
Some key things to think about:
In defining sound money, we must go beyond the purely economic functions of money. It is also necessary to ensure that money cannot be used to expand government powers over a free society.
We must therefore deepen our understanding of sound money with these additional precepts:
∙Sound money ensures true economic outcomes; its integrity should be upheld as a vital element of free markets rather than corrupted as an instrument of government policy.
∙Sound money encourages responsible fiscal practices by restraining governments from using monetary policy to accommodate or disguise fiscal failures.
Only if government is prevented from abusing the privilege of issuing the nation’s money can it be trusted with this powerful authority.
The lesson is clear: To comply with the principles of democracy and free market capitalism, money must be sound. Otherwise, money all-too-easily becomes an instrument of government tyranny. Instead of providing a common point of reference for a free people, instead of serving as an honest measure – money that is not sound furnishes government with a convenient means of deceit.
Unfortunately too many people don't understand or don't care.
"THEORY OF MONEY AND CREDIT" LUDVIG VON MISES and
"HUMAN ACTION"
We all coming back to sound money 100% reserve banking and gold standards sooner or later.
Current fiat bull**** is not going to last