We Need Someone At The Top Who Understands Stable Money

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We should have at least one person who gets it. The idea behind Stable Money is that money should be as stable in value, predictable, unchanging, and neutral as possible. Money should be the economic equivalent of the kilogram or meter, or other weights and measures. This allows rational economic calculation and effective economic cooperation: the information contained in prices, interest rates, profit margins and returns on capital reflect, to the fullest extent possible, the supply/demand or other conditions of the real world, not the instability of the monetary unit. You don’t want the medium (money) to confuse the message (prices, return on capital, profit and loss). You get the most signal when you have the least noise.

https://www.forbes.com/sites/nathanlewis/2020/08/28/we-need-someone-at-the-fed-who-understands-stable-money/#5fac6cb519a8

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