With the emergence of Bitcoin—which has piqued the interest of many—there is a new hard money option.
How do you see the two as governments worldwide are engaged in the most extreme money printing experiment in history?
Nick Giambruno: Let me first say that I am all for free-market competition in money. I say let the best money win.
To really understand what is going on here, it's imperative to have a handle on the basics.
Money is a good, just like any other in an economy. And it isn't a complex notion to grasp.
It doesn't require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead a lot of folks into believing.
Understanding money is intuitive and straightforward. Money is simply something useful for storing and exchanging value. That's it.