The Dam Gives Way The first three installments of this series (Part I, Part II, Part III) traced the multi-millennial competition among monetary media, in which more integral monetary forms reliably defeated less integral ones with the impersonal regularity of water finding its level; examined how the gold standard was dismantled by political force rather … Continue reading The Monetary Lens: The Past, Present and Future of Humanity Through the Architecture of Money, Part IV
Tag: Time preference
The Monetary Lens: The Past, Present and Future of Humanity Through the Architecture of Money, Part II
Fingers in the Dam In Part I, we traced the multi-millennial competition among monetary media — cowrie shells, glass beads, salt, silver, and finally gold — and argued that the progressive victory of more integral over less integral monetary forms was not a series of historical accidents but something closer to a natural law: as … Continue reading The Monetary Lens: The Past, Present and Future of Humanity Through the Architecture of Money, Part II
Deliberative Dad 