Full Description
This book is the first of its kind in several overlapping and rapidly developing fields that now dominate news headlines - among them the fields of crypto-currency, digital payments platforms, 'fintech,' and central bank digital currencies ('CBDCs'). With crypto and fintech now threatening to transform finance in destabilizing and anti-democratic ways, and with China and other nations now digitizing their national currencies in the form of CBDCs that make the US dollar and national payments infrastructure look ever more quaint and outmoded, this book shows both why the US and other democratic commercial societies must, and how they can, democratically digitize their currencies, their national payments systems, and the authorities that respectively issue and administer them - in the US, the Federal Reserve System ('the Fed').
Contents
Chapter 1.Introduction: Money, Finance, & Production in Contemporary Commercial Republics.- Chapter 2.Money, Capital, & Investment: Fixing Some Critical Terms & Relations.- Chapter 3.Franchise Finance: A Brief Exposition & Exposé.- Chapter 4.Franchise Finance: Why & How We Got Here.- Chapter 5.Franchise Finance: Why We Retain It— & Why We Need Not.- Chapter 6.Digitized Citizen Ledger Finance: What We Now Can & Must Do.- Chapter 7.Digitized Citizen Ledger Finance: Logistics & Technics.- Chapter 8.From Digitized Citizen Ledger Finance to Citizen Fintech:Democratic Digitization & Its Possible Forms.- Chapter 9.Digitized Citizen Ledger Finance: Cavils & Competitors.
