The hottest Monetary Systems Substack posts right now

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Money as Addiction

Altered States of Monetary Consciousness • 864 implied HN points • 15 Mar 24
💰 Finance Monetary Systems Economic History Currency
  1. Addiction can distort our sense of agency, making us act out of instinct rather than choice.
  2. Solutionism creates a narrative that presents our dependencies as voluntary choices, leading to a cycle of justification for those dependencies.
  3. Monetary systems, like addiction, can create a state of involuntary dependence presented as a state of voluntary choice, reshaping our societies and individual lives.

De-dollarization is about more than currencies: As dollar system declines, what comes next?

Geopolitical Economy Report • 378 implied HN points • 03 May 23
🌍 World Politics Economic Systems Monetary Systems Political Economy Global Trade Financialization
  1. De-dollarization is a shift away from the US dollar system towards a new economic system based on reducing imbalances and promoting balanced economic growth.
  2. The current crisis in the dollar system is exposing vulnerabilities, such as declining capital inflows and the need for central bank intervention to prop up asset markets.
  3. The future economic system may involve a mixed public-private economy, government intervention in strategic sectors, and capital controls to prevent financialization and promote productive expansion.

The Case for Fiat

The Dollar Endgame • 159 implied HN points • 23 Sep 23
💰 Finance Monetary Systems Economic Theory Financial Literacy Cryptocurrency Wealth Inequality
  1. The fiat system's survival doesn't depend on morality, as history shows evil systems have persisted. People may feel powerless against organized evil but may also become complicit in it.
  2. The fiat system, flawed as it is, has worked to lift many out of poverty and fuel innovation. Everyday citizens often lack the financial and political knowledge to make informed decisions about the system.
  3. Bitcoin's adoption faces hurdles as the majority may not share the beliefs of its proponents. Transitioning to a new system might lead to short-term pain and disparities, impacting various demographics differently.

Zero is the Future of Money

Altered States of Monetary Consciousness • 5 HN points • 26 Jun 23
💰 Finance Crypto Decentralization Monetary Systems
  1. Mainstream money system is hierarchical and dynamic, with layers of players issuing, transferring, and redeeming money.
  2. Crypto tokens offer a rigid decentralization approach and fixed supply, but struggle to compete with the flexibility and dynamism of fiat money.
  3. A synthesis could involve blending the dynamism of credit money systems with the decentralized approach of crypto to create a more dynamic and liquid decentralization.
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