Why Sound Money Matters: An Austrian Take

In Round 5 of Wrestling with Economics, Matt Kibbe and Glenn Jacobs — Knox County Mayor and former WWE wrestler — break down the Austrian School’s view of money: not just a medium of exchange, but a valuable commodity in its own right. Money exists to make cooperation possible and to replace the inefficiencies of a barter system. But when governments manipulate currency — through inflation, unpredictable pricing, or constant devaluation — transactions become harder, and people grow poorer. For Austrians, protecting the stability and value of money isn’t just economic theory — it’s essential to a free and prosperous society.