Sublime

Most important, the crypto movement led by bitcoin has reasserted the principle of scarcity, unveiling the fallacy of the prodigal free goods and free money of the Google era.

organizations are suffering from “peak complexity,” a concept crucial to understanding the recent evolution – and coming difficulties – of the broader economy.

The emergence of digital money will not only defeat inflation once and for all; it will also contract leverage in the banking systems of the world. The ability of people everywhere to bypass regulatory authorities and shift their funds directly through the Internet is an entirely unprecedented consequence of the globalization of markets. It will be

The richer countries get into debt by borrowing from poorer countries that save more—that

The country’s balance of payments positions deteriorate,

Joaquin Aguirre

1. Austerity (spending less)

These new ways to exploit the very old sovereign-money system will help to enhance that system and will make it harder for bitcoin and other cryptocurrencies to make inroads into mainstream commerce—at least at the retail level.