The money that is already here
Money is a medium of exchange, usually in the form of notes and coins, which is accepted by society for the payment of goods, services and all kinds of obligations.
Money, understood as anything that the members of a community are willing to accept as payment for goods and debts, has had multiple forms before the emergence of currency.
Everything is not for sale. However, it seems that the laws of the market, little by little, invade domains that until now were forbidden to them: friendship, justice, illness and even love.
In clear and concise terms, we can say that money is destined to become digital. This general conclusion follows from the study of the long historical evolution of money.
Von Weizsäcker contemplates the emergence of currencies such as Bitcoin, as well as the need for the European Union to set up a working group to follow developments in this field.
It is surprising that certain financial institutions move so fast and others, on the contrary, are unresponsive to social and technological changes.
Ann Pettifor was one of the economists who publicly predicted the crisis in 2006 and as such, is one of the few economists worth paying attention to.
For researchers, monetary crises are particularly fruitful moments, in the course of which "monetary mechanisms disintegrate and the routine operation of money is called into question.
The future of capitalism and the free market society will be settled in relation to the future of capital, labour and the fundamental resource of exchange: money.
Silicon Valley is the world leader in innovation. Its leaders inflate technologies like Bitcoin and Blockchain, which some say are the biggest inventions from the Internet.
There are numerous studies about money. This precious commodity of society has been one of the greatest inventions of mankind since ancient peoples decided to stop being nomadic.
In recent years, we have witnessed the inception and proliferation of so-called cryptocurrencies, a neologism used to refer to what we might more commonly call "virtual currencies".
Nowadays, big corporations are investing considerabe resources in interpreting the benefits that Blockcoin, the code that Bitcoin works with, and the changes that we can assume that this will mean for its management systems in the future.
According to the writings of Herodotus, we have evidence of the existence of coins at least from the 6th century BC. although barter also allowed exchanges.
Some consider it a criminal currency that facilitates the black market and cybercrime; others see in it the money revolution outside the control of governments and power groups. What lies behind this fashionable cryptocurrency?
The WIR Bank is a supplementary Swiss currency system that serves SMEs mainly in hospitality, construction, manufacturing, retail and professional services.
Since its conception in 2009 by the mysterious Satoshi Nakamoto, Bitcoin -the main cryptocurrency in existence today- has attracted the attention of numerous technologists and economists.
This article explains how most of the money in the modern economy is created by commercial banks by lending.