Published: March 2022 Money is a surprisingly complex subject. People spend their lives seeking money, and in some ways it seems so straightforward, and yet what humanity has defined as money has changed significantly over the centuries. How could something so simple and so univer...
This is an encyclopedic and must-read essay from @LynAldenContact about the nature and politics of money. Here are some highlights 🧵
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.
Amazing long read by @LynAldenContact "The last time we were in a similar debt and monetary policy situation was the 1930s and 1940s (...). We’re in a very macro-heavy environment where structural currency changes tend to occur". What is Money, Anyway?