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The (money-theoretic) paper that most affected me during economics education was "Money is Memory"; https://research.mpls.frb.fed.us/research/sr/sr218.pdf https
by d_jyllikoski 13y ago
The (money-theoretic) paper that most affected me during economics education was "Money is Memory"; https://research.mpls.frb.fed.us/research/sr/sr218.pdf https://research.mpls.frb.fed.us/research/sr/sr218.pdf
It doesn't have much to do with getting wealthy, but it is a very elegant explanation of money as a technology to track members' contributions to society and their deserving of the fruits of society's labour.
Money can be modelled as a shared memory, track record, of contributions.
If it was evident to my grocer, that those abstract thoughts and lines of code I created had value, I could then have credit for adequate food; if the whole value chain was transparent and inherently obvious to everyone...
Can cryptocurrencies displace this (outdated, imperfect) technology?