Hard money refers to?

Hard money refers to?
Hard money refers to types of currency that have intrinsic value, specifically, that backed by gold and silver. This is contrasted to the federal reserve notes currently in circulation that have nothing of value to back them. The latter allows the government to merely print more notes, thereby creating inflation, in order to give the illusion of prosperity. In a hard money system, this would not be permitted as there would have to be gold or silver sufficient to back the issuance of additional paper money.