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THE FUTURE OF MONEY Bernard A. Liet
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*Monetary Instability; * and an Inf
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First and foremost, these money inn
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Stories There will also be stories
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1992, remarked. ‘I used to think
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to entirely computerize the traditi
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All four of these megatrends will b
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The following hard 'money question'
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important factor of production is b
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he or she would be ruthlessly punis
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Cardon Cartoon 'Remaining locked in
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system in our own bodies (see sideb
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Please note that none of the approa
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All four cameos are set in the year
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official national clearinghouse to
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With the growth in productivity tha
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hundred such grass-roots projects a
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Cathedrals' (the 'Central Middle Ag
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Without throwing away the positive
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But let us begin at the beginning,
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Less obvious is the mechanism of th
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The Arab scholar Ibn Khaldun claime
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Matters of belief and social conven
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paper that stated where the metal w
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and imagination, launched or comple
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What happened instead was a slow an
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arrangement has serious negative co
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anker has an additional veil. In th
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The story from Australia (see box)
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the eleventh round - as part of the
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A third systematic effect of intere
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ealistic possibilities for graduall
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Just one facet of it - the Internet
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the more of us have it. Government
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intervene in (or muck up, depending
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automatically to crowd out competit
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$29.95 CD ROM version of the game h
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paper books, a printer-binder - loc
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The real revolution of possibilitie
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In Open Finance, the financial inst
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'We can be knowledgeable with other
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They just evolved and ended up refl
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Peter Schwartz, president of the Gl
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with this Official Future is that i
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the remaining 5% will succeed at pe
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with him, perhaps because this was
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payment and phone call made with tr
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He continued, 'The turning point fo
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these cyber-terrorists. "Love it, o
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financial deal in history so far, a
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specialised issuing corporations wi
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their goods. CUC presents that info
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demographic, and transaction data H
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The most effective solution for avo
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· Since May 1998 in Berlin, German
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mysteries of the universe they live
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· However, there is also a growing
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will have enough money to run an el
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In 2WO, my folks moved to idaho to
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I think I'll try to take you to Eur
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Professor Robert Guttman of the Eco
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as a monetary problem in the late 1
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2020: The girl in the nightmare on
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parents. Most of them had either be
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what was left of his hair. The comb
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long as they could remember. Their
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Figure 4.5 shows that the number of
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that 23% failed to participate beca
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street in our cities could become a
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occurring. And they are not the onl
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the ride over the next couple of de
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This topic will be tackled by explo
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There are two ways by which our hea
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ecame competitive with the Third Wo
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ecause I was there at the beginning
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now to 2010, has focused on cutting
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that his factory workers could buy
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Socio-political consequences Within
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iot troops). The fighting lasted th
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Everybody takes a defensive positio
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that we can always create jobs by p
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usiness boom cycle, or whether we a
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The game can be played with one or
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that many have jobs but are not doi
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strongly hierarchical and centralis
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hoarding fee technically called 'de
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1933 (Figure 5.1). This graph also
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year, Unterguggenberger addressed a
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complementary currency systems as '
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have this power should not amaze us
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In contrast, a complementary curren
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freshly baked whole wheat bread. Am
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to goods and services they might no
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David James, a Quaker from Whangare
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Currently, Australia has the highes
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underlying principle - I dared more
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asset. As is true with all currenci
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has an interest-free (unsecured) li
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type currencies, others Hureai Kipp
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The Cafe de la Paz in Berkeley, CA,
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that more economic activity - imply
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society provide the elderly with th
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Anthropologists have found that com
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Monasteries knew all about monetary
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two families formally join to creat
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Revolution. Pelt traders moved in t
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currencies. Practice has demonstrat
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credit for one hour, while Joe gets
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In a world where pensioners are bec
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than dollars, you may prefer to go
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more human contact, more communicat
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uilding streets, Lerner's team inve
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on the condition that the other sid
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and a higher educational level than
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The Japanese population is the seco
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effectively. But it has nevertheles
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culture. He said: 'Today we are inc
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system ledger for transparent accou
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All the pieces of the puzzle, inclu
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component should always more than c
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communities have not always been aw
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additional step needed to create th
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insurmountable obstacles. However,
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As the nation-states became the pow
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enterprises', a definition quite co
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usiness or consumer loans. This is
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A stock is a fraction of ownership
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perspective. Such volume amounts to
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whose values would be determined pr
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you know what you are doing, the re
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demonstrated time and again - from
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arrangements have made any signific
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developments in the currency market
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Stable or unstable, that is the que
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We started this Primer with the que
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Watutsi in Africa -'He is worth one
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national currencies); changes in ke
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Floating Exchange Rate: Rate at whi
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LETS: Acronym for Local Exchange Tr
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Scrip: Private currency usually ini