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Blueprint for the future monetary system: improving the old, enabling the new
Throughout history, developments in the monetary system and society at large have been closely interwoven. This interplay has been a story of one side pulling the other, leading to dramatic leaps in economic activity over time. On the one hand, the evolving needs and demands of society have spurred the monetary system to adapt. On the other hand, key innovations in money and payments have unleashed latent demand for new types of economic activity that have led to dramatic spurts of economic growth and development. The rapid expansion of trade and commerce over the past 500 years would be scarcely imaginable if buyers ... (full story)