2026 will likely be the year when we will start to see serious flaws, with the pure fiat global monetary system exposed. The ...
This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics. Author’s note: This is the first part of a ...
Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...
Why does your money lose value year after year? The debt-based monetary system is the answer. By creating money through loans ...
Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...
Among the first objections that arise for anyone who has just learned about Bitcoin is “this is too complicated to understand.” And it’s true; private keys, block times, difficulty adjustments, UTXOs, ...
Crypto’s structural flaws make it an unsuitable basis for a monetary system, according to the Bank for International settlements (BIS). Instead, monetary systems could be built around central bank ...
Money as a concept has been a cornerstone of human civilization and economic development. To start with the latter, money is a method of storing value and worth, and it also functions as a medium of ...
THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...
PRESIDENT Donald Trump’s reelection as the president of the United States in November 2024 has triggered broad unease over the future direction of the international monetary system, as it signaled ...
Good afternoon. I would like to thank Governor Jordan and the Swiss National Bank for co-hosting our High-Level Conference here in Zurich. Our discussions today—at the 10 th edition of this conference ...