Money Without Boundaries

Money Without Boundaries

by Thomas J. Anderson
Released August 2019
Publisher(s): Wiley
ISBN: 9781119564065

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Book description

Discover how blockchain will facilitate a new currency that will transcend space and time 

Largely inspired by The Denationalization of Money by Fredrich Hayek, Money Without Boundaries’ ideological foundation is also inspired by economists and thought leaders like Milton Friedman and Irving Fisher, advancements in capital markets over the past 50 years, and the convergence of old and new technologies. Author Thomas J. Anderson explains how blockchain acts as the filter and the glue, making it all possible. 

Compared with other currencies, blockchain-managed money markets are more straightforward and transparent. It is easier to monitor, understand, and assess the quality of their "full-faith and credit." Money Without Boundaries shows how not only money, but also the process of borrowing and lending, will evolve to be conducted in a 100% trusted, secure, transparent, open architecture environment. Anderson begins with a history of money and discusses the rise of cryptocurrency, concluding with a comparison of decentralized money markets to all other alternatives. 

Money without Boundaries:

• Demonstrates how blockchain technology allows full transparency

• Explains how blockchain makes it possible for money to be fully commoditized

• Explains how this fully market-based, decentralized, self-regulating system has vast implications throughout the global financial system

• Shows how everyone will benefit when they have the opportunity to compete on “full faith in credit”

If you are interested in cryptocurrency, money, monetary theory, or understanding how the applied uses of blockchain technology will change your everyday life, this is essential reading.

Table of contents

  1. Cover
  2. Preface
    1. The Paradox of Money
    2. Breaking Down My Quest
    3. A Part of a Broader Movement – Cryptocurrency
    4. Technologies, Theories, and Capital Markets
    5. The Bottom Line: Money Is Credit and Credit Is Money
    6. Democratized Borrowing on a Leveled Playing Field
    7. Don Quixote Meets Copernicus
    8. Endnotes
  3. Acknowledgments
  4. Introduction
    1. What Is Money?
    2. Money as a Store of Value
    3. Demise of the Gold Standard
    4. Planting the Seed for the Denationalization of Money
    5. Endnotes
  5. Part One: THE FOUNDATION
    1. Chapter 1: Money Through Time – A Different Perspective
      1. “The Holy Gift of Free Gold”
      2. National Debt, National Blessing?
      3. Following the Yellow Brick Road
      4. “Breaking of the Gold Fetters”
      5. “Let Me Lay to Rest the Bugaboo…”
      6. Endnotes
    2. Chapter 2: The Fundamentals of Money
      1. Narrow Money versus Broad Money
      2. The Theory of Money and Credit
      3. Full Faith and Credit: Money Is the Government's Debt
      4. Endnotes
    3. Chapter 3: Banking – An Overview
      1. A System That Multiplies Money
      2. Money Is Credit, and Credit Is Money
      3. “Not for Profit, Not for Charity, but for Service”
      4. Endnotes
    4. Chapter 4: The Denationalization of Money
      1. Irving Fisher: Abolish Fractional Reserve Banking
      2. Milton Friedman and Setting the Nominal Interest Rate to Zero
      3. Friedrich Hayek: Denationalize Money
      4. Endnotes
    5. Chapter 5: The Rise of Cryptocurrency
      1. Coins and Tokens
      2. Is It a Security or a Utility? The Howey Test
      3. Stablecoin: Establishing Trust and Stability
      4. How Should We Value Coins and Tokens?
      5. Endnotes
    6. Chapter 6: The Role Model
      1. Everything the Banking System Is Not
      2. Endnotes
  6. Part Two: THE FOUR PILLARS – OUR BUILDING BLOCKS
    1. Chapter 7: Pillar 1 – Modern Portfolio Theory and the Risk-Free Asset
      1. Evolving Modern Portfolio Theory and the Risk-Free Asset
      2. Summary of Pillar 1
      3. Endnotes
    2. Chapter 8: Pillar 2 – The Credit Theory of Money
      1. Creating Money Under the Credit Theory of Money
      2. Creating a Medium of Exchange
      3. Summary of Pillar 2
    3. Chapter 9: Pillar 3 – Solving the Trust Gap = Blockchain
      1. It All Started with the Cloud
      2. What, Exactly, Is Blockchain?
      3. Why Should We Care?
      4. How Does Blockchain Work?
      5. Why Would Anybody Do This?
      6. Who Maintains the Network?
      7. Blockchain Components and Ecosystem
      8. Protocol Tokens and App Coins/Tokens: Working Together
      9. The Other Layers
      10. Summary of Pillar 3
      11. Endnotes
    4. Chapter 10: Pillar 4 – Capital Markets as a “Technology”
      1. What Are Capital Markets?
      2. What Are Money Market Accounts?
      3. What's in a Money Market Fund?
      4. How Efficient Is the Repurchase Market?
      5. How Does This Relate to Our Third Pillar, Blockchain?
      6. What Is Securitization, and Why the Prejudice Against It?
      7. How Securitization Works
      8. How Subordination Works
      9. Slicing and Dicing Our Way to Risk-Free
      10. Summary of Pillar 4
      11. Endnotes
  7. Part Three: THE CONCEPT
    1. Chapter 11: Transcending Space and Time
      1. From Star Trek to the Death Star
      2. “Copper, Beads, and Such Like Trash” as Money
      3. A Store of Value that Transcends Space and Time
      4. Endnotes
    2. Chapter 12: Bringing the Building Blocks Together
      1. A Known Store of Value: The Blockchain Revolution
      2. A Different Objective: Zero Risk
      3. Weight, Mass, and the “Risk-Free Rate”
      4. The Kilogram and the Specimen
      5. An Elastic Definition of the Specimen
      6. A Sample Specimen
      7. Convergence Checklist
      8. Endnotes
    3. Chapter 13: A Neural Network Begins
      1. A Perspective on a Decentralized Market in Money
      2. The Other Sides of Zero
      3. The Paradigm Begins to Shift
      4. The Paradigm Shifts: One Loan
      5. The Neural Network is Born
      6. Endnotes
    4. Chapter 14: Conclusion
      1. Securitizing Individuals at an Individual Level with Blockchain
      2. Welcome to a Whole New World, Mr. Keynes
      3. Endnotes
  8. Appendix A: The Future of Money – A Credit-Based Society
    1. Structural Superiority
    2. Illustration
  9. Appendix B: A House of Cards
    1. A Debt-Fueled Illusion
    2. Our Perspective Must Shift
    3. Endnotes
  10. Glossary
  11. Resource Guide
    1. Inflation, Interest Rates, and Hyperinflation
    2. Money
    3. Monetary Theory
    4. Banking
    5. Banking Systems
    6. Nonprofit and Cooperative Banking
    7. Fractional Reserve Banking – Expanded
    8. The Relationship Between Money and Interest Rates
    9. Modern Portfolio Theory
    10. Securitization and Collateralized Pools of Loans
    11. Bitcoin and Blockchain
    12. Key Technologies and Terms
    13. Key Theories and Phenomena
    14. Key Historic Events, Panics, and Shocks of the Past 200 Years
    15. Notable Hyperinflations
    16. The Coming Crisis
  12. Bibliography
  13. About the Author
  14. Index
  15. End User License Agreement

Product information

  • Title: Money Without Boundaries
  • Author(s): Thomas J. Anderson
  • Release date: August 2019
  • Publisher(s): Wiley
  • ISBN: 9781119564065