Yesterday’s controversies for tomorrow's money
Summary
While money has evolved from natural commodities to digital tokens, the debate about the ideal money has remained the same throughout the ages. Historical controversies about the origin, nature, and double-spending of money offer valuable insights for navigating the new forms of money tokens such as cryptocurrencies, central bank digital currencies and stablecoins.
- Issue:
- 10
- Pages:
- 46
- JEL classification:
- E40, E42, E50
- Keywords:
- Natural law of money, State theory of money, Economic good theory of money, Credit theory of money, Double-spending of money
- Year:
- 2026