Finished reading @Lyn Alden ‘s masterpiece #BrokenMoney. My two key takeaways:
1. Speed of transaction versus speed of settlement: Increasing mismatch has caused major imbalances,
combined with
2. Discretionary monetary rulesets that work in a local context eventually break down in a global context.
Together, these lead to ‘broken money’ sooner (like now) than later.
1. Speed of transaction versus speed of settlement: Increasing mismatch has caused major imbalances,
combined with
2. Discretionary monetary rulesets that work in a local context eventually break down in a global context.
Together, these lead to ‘broken money’ sooner (like now) than later.
33❤️17🤙9🤍1
