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- Title
The First Fundamental Change to Money in Two Millennia.
- Authors
Holden, Richard
- Abstract
The article discusses the historical context of money and its importance as a medium of exchange for economic growth and prosperity. It highlights three significant events in 2008 - the launch of the iPhone, the birth of Bitcoin, and the financial crisis - as laying the groundwork for the first fundamental change to money in two millennia. The author explores the evolution of money from ancient times to the present, including the introduction of coins, paper banknotes, and the Gold Standard. The article also examines the impact of low-interest rates, mobile money, and cryptocurrencies on the future of money and who controls it.
- Subjects
INTERNATIONAL finance; POLYMER currency; NATIONAL currencies; ELECTRONIC funds transfers; PAPER money
- Publication
CounterPunch, 2023, p1
- ISSN
1086-2323
- Publication type
Article