Making the Switch to an Information Currency
Will There Be Standardization?
The age of one world reserve currency such as a U.S. dollar standard has now transformed into a situation that looks a lot more like the Tower of Babel where, in the story, suddenly the world was cursed and went from one language to many, and the people were confused and frightened and could not communicate.
The world is evolving away from the U.S. dollar (USD) as a standard. Like Babel, with a new plethora of crypto and digital currencies, we can choose to become confused and frightened at the fact that one dollar standard is no longer working, or we can choose to embrace the change and redefine the kind of standard that is needed. As discussed, we need to ...
Get The Language of Value now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
