by Roy Sebag
Money is the bedrock on which functioning economies stand. Stable, reliable currency – serving as both a store of value and providing a liquid medium enabling transactions and commerce – is essential for growing and prospering economies. However, control of governments over money has always presented a challenge, as those with power tend to transform the currency they control into a political tool. The result is the exploding debt, fiscal insolvencies and price and interest rate instability we are witnessing today.
Various approaches to achieve monetary stability have been proposed by economists. However, today technology is enabling fascinating new private solutions in the market place for creating stable and reliable money.