How FIAT Money is Created: The Role of Banks, Governments, and Debt
Who buys government bonds? How banks profit? Can money be governed by transparent algorithms with pre-programmed rules?
Lukas Lukac
Check out the latest posts
Why Did the Previous Generation Switch From Gold Standard to FIAT?
How has the international monetary system changed over the last 190 years? Was cancelling Gold Standard a mistake?
The Origin of Central Banking and Why Programmable Money is its Successor
Understanding the history of central banking is essential for anyone passionate about cryptocurrencies and Web3.
Redistributing wealth of Catholic Church: How Henry VIII built a legendary navy from seized gold.
Explore the role of gold in Tudor England and how the Royal Mint, under the reign of Henry VIII, transformed national wealth and power.
Banking in Renaissance Italy: Improving Accounting Ledger
Could DeFi be to finance what the Enlightenment was to governance, creating a new era of 'financial secularism'?
The Fall of Rome: Mixing Silver Denarius With Copper
You are facing the same economic challenges as a citizen of mighty Athens in 431 BC, or a Roman in 211 BC. Fiat inflation in 202X is nothing new under the sun.