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A new kind of money?
By The Active Passive Income  •  July 20, 2020
Money is an interesting construct. The history of money is littered with attempts of mankind trying to make sense of it. We are in the epoch of Fiat money, where money is not backed by any physical commodity. Instead it is issued by governments or more correctly their central banks. Depending on the stability of the issuing country, the demand and supply of its currencies, the relative values of different Fiat money are derived. Theoretically, we would want to maintain the stability of money so that it can be a good medium of exchange and a good store of value. In order to do this, central banks control and adjust the supply of money with the macroeconomics. However, central bankers are mere mortals. They may not have the complete information of the monetary system and they are prone to discretionary economic policies. So what if we replace the central bankers...
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By The Active Passive Income
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