Money began as publicly recognized book entries among debtors and creditors. Tokens replaced book entries when we outgrew account books. The centrality of public issuance substituted for that of the 'book.' With money 'ledgerizing' again, we need a Citizens' Ledger. Make it the Fed Balance Sheet.
Money began as publicly recognized book entries among debtors and creditors. Tokens replaced book entries when we outgrew account books. The centrality of public issuance substituted for that of the 'book.' With money 'ledgerizing' again, we need a Citizens' Ledger. Make it the Fed Balance Sheet.
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