>Holding money allows others to use their money to invest,
That's not holding money in this context.
Hoarding money is keeping cash in your house or bitcoin in your purse. The money is separated from the economy.
Holding money normally means keeping it in the bank account or in cash like instruments. That's fine. Bank loans it to others who use it. You receive interest for contributing capital.
Right, it's not exactly the same kind of "holding". But in this case also (burying the money), the economy (a free one) is not hurt.
To get a view of it: what if I have chests full of gold, then before dying I take tons of them, burn and bury so no one else ever put their hands on it? Nobody is hurt. Nobody is getting less food than they would, nobody is getting less anything than they would, because even if I bury the money I have, I didn't bury any other of the goods and services that are available in the economy in any time.
Because money is just a resources "coordinator's" power. If I burn mine, I'm just letting go of that power and letting someone else do it instead.
Sure, saying I had all that money not stealing or anything of the sort implies ppl I'm involved with (in/directly) are so much better that I "was allowed to coordinate more"/"received a lot of money". But still, in the end, the economy is not hurt.
That's not holding money in this context.
Hoarding money is keeping cash in your house or bitcoin in your purse. The money is separated from the economy.
Holding money normally means keeping it in the bank account or in cash like instruments. That's fine. Bank loans it to others who use it. You receive interest for contributing capital.