Opinion: Our Weird Relationship with MoneyWe all use money on a daily basis, but do you really understand how it works?
This article is a little bit different from the usual, as I will propose alternative ways of valuing money and looking at the economy as a whole. If youve been following my latest writings, youll understand my views on cryptocurrency adoption depend a lot on price and the role of technology Arguably, our own understanding of money will influence how cryptocurrency develops and that is exactly the subject of our discussion today. Im definitely interested in reading your comments down below or on Twitter; Seriously, dont be shy, if you have insights feel free to share!
Now, why are most economists ignoring the role of money in our society? They assume that it is centrally controlled by agents who make decisions on our behalf? Like allowing central banks to control interest rates by printing and selling more/less money to financial institutions? Even worse, today we endow private institutions the power to create currency: through debt.
How can we bestow our financial freedom to private agents whose interests rarely align with that of the common man?
https://www.ccn.com/opinion-our-weird-relationship-with-money/