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Money Without Boundaries
book

Money Without Boundaries

by Thomas J. Anderson
August 2019
Intermediate to advanced content levelIntermediate to advanced
272 pages
6h 31m
English
Wiley
Content preview from Money Without Boundaries

Preface

“All money is a matter of belief.”

– Adam Smith

Money Without Boundaries is about the creation of a new global currency. Unlike traditional currencies, such as the dollar, yen, or euro, this currency strives to be a risk-free store of value. And unlike bitcoin, which tethers to a finite number of units, this store of value tethers to zero risk. As a result, it is constrained not by an arbitrary number of units, but by market forces of supply and demand.

The foundational ideas are not new and are not unique. A privately controlled, market-based currency striving for zero risk is arguably the holy grail of multiple influential thinkers and Nobel laureates and the basis for many monetary and investment theories. What is new is that advancements in capital markets, when combined with new technologies, make it possible for society to facilitate old ideas in new ways. Money Without Boundaries is about bringing some of the greatest economic theories to reality. This book is a bridge connecting old ideas to new technologies.

The Paradox of Money

If you've studied any economics, you're probably familiar with the concept that money has three different roles in society:

  1. A unit of value (how much something costs)
  2. A medium of exchange (a way to transact)
  3. A store of value (a safe place to store your earnings)

For as important as money is in our society, these concepts are surprisingly abstract. What, exactly, is a dollar, a euro, or a yen? Why can't anyone, from my friends ...

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Publisher Resources

ISBN: 9781119564065Purchase book