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Broken currency delves into the history of money through the lens of technology, emphasizing its global and permanent impact. The book aims to provide readers with a comprehensive understanding of monetary history and its practical implications, from theoretical foundations to technological advancements.
From ancient forms like shells and gold to modern innovations such as Bitcoin, the book examines how technology has influenced the evolution of money. It also explores the fundamental concept of money and its societal implications, offering a human perspective on its role in shaping power structures.
In today's world, despite advancements in energy and technology, the global monetary system lags behind. With over 160 active currencies, many nations face inflation and devaluation issues, impacting the lives of billions. The book highlights examples like Nigeria and Egypt, where inflation has eroded savings and wages, and instances of hyperinflation in countries like Brazil.
It discusses phenomena like negative-yielding bonds in Europe and Japan and the unexpected inflation consequences of pandemic stimulus measures. Through this exploration, Broken Currency seeks to unravel the complexities of the current monetary landscape and propose potential solutions for a more suitable system in the modern era.
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