Post
Genco Ilgın @Elcora · Jun 26, 2022
  • Post

Ancient and recent historical evolution of money in a thick nutshell by Lyn Alden. Lyn Alden describes the potential implications of confiscated Russian reserves in other countries and the inevitable expected questioning in regard to monetary sovereignty. The article provides the minimum required backdrop of money as a concept and social technology as well as monetary history by explaining Bretton Woods, Petro-Dollar System, Gold, British and Pound dominant era and Bitcoin. This's the most comprehensive article I read ever. It's a short book long and as full as a library. Origins of fiat money and the underlying single point of failure system managing that was brightly addressed. I hope this article ends up being part of the curriculums all around the world, since it would help us navigate through economic and monetary shifts in the horizon.

Replies
No replies yet