The Enigma of Money: Gold, Central Banknotes, and Bitcoin

  • The Enigma of Money Gold, Central Banknotes, and Bitcoin
  • EB81 – Nathaniel Popper: Digital Gold – The Inside Story Of Bitcoin
  • Banking Explained – Money and Credit
  • Busting Bitcoin MYTHS – What the Media Won't Tell You Coin Underground
  • Fake News, Fake Money
  • History of Bitcoin
  • Will Bitcoin go up or down that is a question ep#1
  • Spacecraft Operations
  • TRADING BITMEX : BitMEX China A50 Index Futures
  • How to Use Tradingview BASICS
Amazon Price: $109.99 $51.99 You save: $58.00 (53%). (as of April 18, 2019 2:23 am – Details). Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on the Amazon site at the time of purchase will apply to the purchase of this product.

This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a “concentrated market” without using money, presented here is an alternative theory of markets on how a realistic “dispersive market” using a stock of money and inventory as buffers can work as a multilayered price-quantitative adjustment system.

The central features of modern sovereign moneys seen in inconvertible IOUs of central banknotes can be depicted as “The Emperor's New Clothes” that correspond to the U.S. dollar and the Euro void of their own value. The image captures such characteristics of national currencies as “self-fulfilling ideas” by the inertia of conventions in the past and expectations of an uncertain future. Both ideas normally make money more acceptable and circulative so that its value can become more stable unless expectations for the future turn very pessimistic.

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