Economic Freedom, access to sound money

scale 0-10, 1970–2016

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Access to sound money is measured by the inflation rate and its volatility. To the extent that a country’s money is not a reliable store of value, it undermines exchange, hinders economic planning, distorts prices, and, through inflation, serves as a tax. Inflation erodes the value of rightfully earned wages and savings. Sound money is thus essential to protect property rights. When inflation is not only high but also volatile, it becomes difficult for individuals to plan for the future and thus use economic freedom effectively.

Source: Fraser Institute