Book notes: Democratizing Money?, by Beat Weber

Democratizing money?

Beat Weber, Democratizing Money?, Cambridge University Press, 2018, 276 pages                                                        

This is a timely book about ‘how money really works’. Recent developments in crypto assets and fintech have raised fundamental questions about monetary design. Central bankers are well-versed in monetary theory but have been less interested in the theory of money; this is unfortunate. The mainstream economic view that money is a merely a veil and banks are

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