news and comment
|
for previously archived news article pages, visit the news archive page (click on the button above)
|
As long as digital currency technology remain at present levels, you cannot forge or print more units beyond a limit. However, every government can 'forge' (near) endless amounts of their new units. Little wonder that major central bankers are worrying about it. Fiat money systems are a major source of taxation. Like with gold, people can trade in currencies that much more inherently limited/stable than fiat currencies. Instability is possible, depending on how acceptable the currencies become. Hence, the instability of price as people try to guess the future of digital currencies. However, that instability is not inherent in the money form. It is inherent in human nature. With fiat currencies there are built-in instabilities that are deliberately manipulated by states. Digital currencies are a major invention akin to penicillin and aeroplanes. Such inventions have the potential to change societies. Digital currencies are not an analogue of tulip bulbs. related material
|
||
the energy economics of electric cars - no pressure
And more. related material
| ||
recovering from labour's economic disaster
related material
| ||
You are here: economics news from July 2017 < News < Home |
latest | abstracts | briefings | information | hearing damage | memory | France zone |
email email_abelard [at] abelard.org © abelard, 2017, 17 july variable words |