Redefining the Monetary Standard

Bogdan Hofbauer

The fiat money system has survived the Great Inflation, the global financial crisis, and a pandemic. But can it survive digital currencies? Bitcoin and the blockchain solved a genuine problem in computer science: how to stop people spending the same money twice. Forty years of successful inflation control means central bank money is stable; that is the stability in stablecoins, attempting to solve the volatility problem. What's next? What if the unit of account itself were indexed to consumer

Tag-uri: Inflatie Bitcoin

Redefining the Monetary Standard https://cepr.org/ - 22.05.2026 13:15

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Redefining the Monetary Standard https://cepr.org/ - 22.05.2026 13:15