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A comprehensive overview of the past, present, and future of money, this book examines the history of money through the lens of technology. While politics can influence money temporarily, technology drives long-term change globally. The author aims for readers to gain a deep understanding of monetary history, covering everything from shells and gold to central banks and Bitcoin. The narrative highlights the emergence of technologies that have shaped money over time, while also exploring the foundational concept of money, enabling readers to analyze various monetary technologies and theories. The book emphasizes the human impact of money, illustrating how new monetary technologies influence societal power structures. Despite advancements in energy and technology improving human well-being, the global monetary system has lagged. With over 160 active currencies, many are rapidly devalued, affecting the savings and wages of billions. For instance, Nigeria has faced 13% annual inflation, while Egypt has halved its currency value twice, impacting its citizens' savings. Countries like Brazil have experienced hyperinflation, and Europe and Japan had significant negative-yielding bonds before inflation eroded purchasing power. The book addresses the failures of the current monetary system, questioning why it remains inadequate in the 21st century. By analyzing the existing technological mix and exploring emerging innovations, it seek
Acquisto del libro
Broken Money, Lynn E. Alden
- Lingua
- Pubblicato
- 2023
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- (In brossura),
- Condizioni del libro
- Danneggiato
- Prezzo
- 13,28 €
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