ReFi is a beautiful idea – a re-imagining of the financial system using the tools humanity now has at its disposal to better account for the needs of all stakeholders, current and future. It puts a price on externalities, charging those who create negative externalities and rewarding those who create positive externalities.
The accumulated fruits of human agency and creative problem-solving are so ubiquitous today—in the form of agriculture and modern medicine, electricity and air conditioning, Uber and Amazon, Google and iPhones, widespread literacy and constitutional government, bank loans and credit cards, Zoom and Facebook—that we tend to assume them as the natura... See more