Grey briefly discusses the history and nature of various money schemes, from tally sticks and various tokens up through phone minutes and cryptocurrencies.
Accepting cryptocurrency is more like accepting stocks.
Why do we not have universal healthcare or full employment… Because, the ultra-rich are at war with everyone else.Â
A Federal Job Guarantee is real progress. A UBI advances our deterioration.Â
For Bitcoin – very little. For El Salvador’s Economy – possible ruin. For global economics – very little.
A transformation of enormous global significance has just begun, and the world will never be the same – digital currencies. The digital yuan is here for good, and more will follow.
Instead, we should look to stabilize our national economy with a Federal Jobs Guarantee instead of using a program unique to just one state.
Not having a Green New Deal, however, could result in devastating cost-push (left finger) inflation.
The Robots are coming! The Robots are coming! But, whose robots? Stephen Hawking wrote: “If machines produce everything we need, the outcome will depend on