Inflation. Deflation. Stagflation. Hyperinflation. Inflation is something that we more or less take for granted these days. The idea that five dollars a day is not going to be able to buy five dollars worth of stuff in the future and the fact that you used to be able to buy a family home for ten thousand dollars are all the result of inflation. The idea that over time money becomes worth less and less influences a lot of the decisions in our lives Everything from retirement…
Global Currency. Consequences and it's proposed solution. The world today is home to over one hundred and ninety countries, using one hundred and eighty currencies to trade, to invest and collect taxes. The global economy is complex at the best of times, and the foreign exchange or forex market only looks to add an additional layer of confusion to this complexity. Currency is supposed to be the legal tender that makes trade easier for everyone. So this begs the question:…
Problems that cryptocurrencies solve in the monetary system. Bitcoin was created in 2009, proposed by Satoshi Nakamoto in his white paper, '**Bitcoin: A Peer-to-Peer Electronic Cash System**' . Since then, numerous cryptocurrencies have been following Bitcoin's footsteps. Recently, it has been getting a lot of media attention, and its total market value has reached billions and billions of dollars. A number of central banks started to feel the threat and started diving deep…
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