Fiat money is created at near-zero cost.

When production has no sacrifice, there is no real constraint on issuance. The downside doesn’t sit with the issuer, it gets quietly transferred to everyone holding it through dilution.

Sound money is different. It is costly to produce, and that cost is the filter. It forces discipline. It creates scarcity that cannot be faked.

Money without cost becomes control.
Money with cost becomes trust.