What Price for Your Money? Liberty, Security, and CBDCs
Money is a hard problem. How we, as social animals, track the distribution of worth and value in our society, how we mediate exchange, is as fundamental to the human condition as love and friendship. We like shiny things. We want things to be fair. It’s far more than dreams of avarice; our complex monetary systems are the bedrock of advanced civilization. Before paper money, debt, shares and banks, even paying the farmer in the next town along for his crop was inefficient and dangerous. Techno s...