We Need a new Financial System

The question is what to do about it. How can we redesign the global economy to bring it in line with the principles of ecology? The most obvious answer is to stop using GDP to measure economic progress and replace it with a more thoughtful measure – one that accounts for the ecological and social impact of […]

Finance

Discusses Digital Currencies

The financial industry is witnessing advances in financial technology and increasing consumer preferences towards online financial services. In this environment, central banks are considering their role as issuers of cash. This article addresses the primary question of what is digital currency. It does this by introducing a money tree classification that shows digital currencies include […]

Finance

How Currency Works

Money alleviates this problem. It provides a universal store of value that can be readily used by other members of society. That same baker might need a table instead of shoes. By accepting currency, he can sell his goods and have a convenient way to pay the furniture maker. In general, transactions can happen at a much quicker […]

Finance