---
title: "Meaning & Key Takeaway of: Historically, bad money always drives out…"
description: "\"Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of h..."
image: "https://sms4smile.com/quotes/i/393/porter-stansberry-16381_around-the-world_historically-bad-money-always-drives-out_894524.jpg"
---

#  Historically, bad money always drives out good…

![“Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.” quote by Porter Stansberry](https://sms4smile.com/quotes/i/393/porter-stansberry-16381_around-the-world_historically-bad-money-always-drives-out_894524.jpg)   [Download](https://sms4smile.com/quotes/i/393/porter-stansberry-16381_around-the-world_historically-bad-money-always-drives-out_894524.jpg) [Open image](https://sms4smile.com/quotes/i/393/porter-stansberry-16381_around-the-world_historically-bad-money-always-drives-out_894524.jpg)

> “Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.”

[Porter Stansberry](https://sms4smile.com/quotes/author/porter-stansberry/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Hard‑currency backing attracts global savers, undermining fiat dominance

**In simple terms:** Hard assets draw savings away from dollars

Key Takeaway

Consider currency stability when investing

Themes

economics currency inflation

Mood

analytical cautious

Type

financial strategic

When to use this quote

- portfolio diversification
- risk assessment
- central bank analysis
- savings strategies

Key Concepts

monetary policy global finance

Questions to Reflect On

- How would a shift to hard‑currency affect your investments?
- What risks accompany abandoning fiat currencies?

A Different Perspective

Hard‑currency may be volatile and scarce

★ ★ ★ ★ ★   No ratings yet

[Around the world](https://sms4smile.com/quotes/about/around-the-world/) [Bad Money](https://sms4smile.com/quotes/about/bad-money-1181231/) [Central bank](https://sms4smile.com/quotes/about/central-bank/) [Currency Backed](https://sms4smile.com/quotes/about/currency-backed-1181230/) [Currency Cause](https://sms4smile.com/quotes/about/currency-cause-1181229/) [Desire](https://sms4smile.com/quotes/about/desire/) [Good](https://sms4smile.com/quotes/about/good/) [Hard](https://sms4smile.com/quotes/about/hard/) [Hard Currency](https://sms4smile.com/quotes/about/hard-currency-252191/) [Money](https://sms4smile.com/quotes/about/money/) [World](https://sms4smile.com/quotes/about/world/)

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