{"product_id":"money-without-boundaries-9781119564065","title":"Money Without Boundaries","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eDiscover how blockchain will facilitate a new currency that will transcend space and time Largely inspired by The Denationalization of Money by Fredrich Hayek, Money Without Boundaries' ideological foundation is also inspired by economists and thought leaders like Milton Friedman and Irving Fisher, advancements in capital markets over the past 50 years, and the convergence of old and new technologies. Author Thomas J. Anderson explains how blockchain acts as the filter and the glue, making it all possible. Compared with other currencies, blockchain-managed money markets are more straightforward and transparent. It is easier to monitor, understand, and assess the quality of their full-faith and credit. Money Without Boundaries shows how not only money, but also the process of borrowing and lending, will evolve to be conducted in a 100% trusted, secure, transparent, open architecture environment. Anderson begins with a history of money and discusses the rise of cryptocurrency, concluding\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is Money? 2\u003c\/p\u003e \u003cp\u003eMoney as a Store of Value 5\u003c\/p\u003e \u003cp\u003eDemise of the Gold Standard 6\u003c\/p\u003e \u003cp\u003ePlanting the Seed for the Denationalization of Money 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One: The Foundation 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Money Through Time – A Different Perspective 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“The Holy Gift of Free Gold” 17\u003c\/p\u003e \u003cp\u003eNational Debt, National Blessing? 18\u003c\/p\u003e \u003cp\u003eFollowing the Yellow Brick Road 21\u003c\/p\u003e \u003cp\u003e“Breaking of the Gold Fetters” 24\u003c\/p\u003e \u003cp\u003e“Let Me Lay to Rest the Bugaboo…” 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The Fundamentals of Money 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNarrow Money versus Broad Money 33\u003c\/p\u003e \u003cp\u003eThe Theory of Money and Credit 35\u003c\/p\u003e \u003cp\u003eFull Faith and Credit: Money is the Government’s Debt 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Banking – An Overview 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA System That Multiplies Money 43\u003c\/p\u003e \u003cp\u003eMoney is Credit, and Credit is Money 45\u003c\/p\u003e \u003cp\u003e“Not for Profit, Not for Charity, but for Service” 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: The Denationalization of Money 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIrving Fisher: Abolish Fractional Reserve Banking 48\u003c\/p\u003e \u003cp\u003eMilton Friedman and Setting the Nominal Interest Rate to Zero 50\u003c\/p\u003e \u003cp\u003eFriedrich Hayek: Denationalize Money 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: The Rise of Cryptocurrency 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCoins and Tokens 57\u003c\/p\u003e \u003cp\u003eIs it a Security or a Utility? The Howey Test 60\u003c\/p\u003e \u003cp\u003eStablecoin: Establishing Trust and Stability 62\u003c\/p\u003e \u003cp\u003eHow Should We Value Coins and Tokens? 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: The Role Model 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEverything the Banking System is Not 71\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two: The Four Pillars – Our Building Blocks 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Pillar 1 – Modern Portfolio Theory and the Risk-Free Asset 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvolving Modern Portfolio Theory and the Risk-Free Asset 83\u003c\/p\u003e \u003cp\u003eSummary of Pillar 1 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Pillar 2 – The Credit Theory of Money 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreating Money Under the Credit Theory of Money 88\u003c\/p\u003e \u003cp\u003eCreating a Medium of Exchange 91\u003c\/p\u003e \u003cp\u003eSummary of Pillar 2 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Pillar 3 – Solving the Trust Gap \u003c\/b\u003e= \u003cb\u003eBlockchain 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt All Started with the Cloud 98\u003c\/p\u003e \u003cp\u003eWhat, Exactly, is Blockchain? 100\u003c\/p\u003e \u003cp\u003eWhy Should We Care? 103\u003c\/p\u003e \u003cp\u003eHow Does Blockchain Work? 103\u003c\/p\u003e \u003cp\u003eWhy Would Anybody Do This? 106\u003c\/p\u003e \u003cp\u003eWho Maintains the Network? 107\u003c\/p\u003e \u003cp\u003eBlockchain Components and Ecosystem 108\u003c\/p\u003e \u003cp\u003eProtocol Tokens and App Coins\/Tokens: Working Together 112\u003c\/p\u003e \u003cp\u003eThe Other Layers 114\u003c\/p\u003e \u003cp\u003eSummary of Pillar 3 115\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Pillar 4 – Capital Markets as a “Technology” 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat are Capital Markets? 118\u003c\/p\u003e \u003cp\u003eWhat are Money Market Accounts? 119\u003c\/p\u003e \u003cp\u003eWhat’s in a Money Market Fund? 121\u003c\/p\u003e \u003cp\u003eHow Efficient is the Repurchase Market? 123\u003c\/p\u003e \u003cp\u003eHow Does This Relate to Our Third Pillar, Blockchain? 124\u003c\/p\u003e \u003cp\u003eWhat is Securitization, and Why the Prejudice Against It? 125\u003c\/p\u003e \u003cp\u003eHow Securitization Works 126\u003c\/p\u003e \u003cp\u003eHow Subordination Works 128\u003c\/p\u003e \u003cp\u003eSlicing and Dicing Our Way to Risk-Free 129\u003c\/p\u003e \u003cp\u003eSummary of Pillar 4 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three: The Concept 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Transcending Space and Time 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom \u003ci\u003eStar Trek \u003c\/i\u003eto the Death Star 136\u003c\/p\u003e \u003cp\u003e“Copper, Beads, and Such Like Trash” as Money 138\u003c\/p\u003e \u003cp\u003eA Store of Value that Transcends Space and Time 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Bringing the Building Blocks Together 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Known Store of Value: The Blockchain Revolution 143\u003c\/p\u003e \u003cp\u003eA Different Objective: Zero Risk 144\u003c\/p\u003e \u003cp\u003eWeight, Mass, and the “Risk-Free Rate” 144\u003c\/p\u003e \u003cp\u003eThe Kilogram and the Specimen 145\u003c\/p\u003e \u003cp\u003eAn Elastic Definition of the Specimen 149\u003c\/p\u003e \u003cp\u003eA Sample Specimen 151\u003c\/p\u003e \u003cp\u003eConvergence Checklist 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: A Neural Network Begins 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Perspective on a Decentralized Market in Money 156\u003c\/p\u003e \u003cp\u003eThe Other Sides of Zero 159\u003c\/p\u003e \u003cp\u003eThe Paradigm Begins to Shift 160\u003c\/p\u003e \u003cp\u003eThe Paradigm Shifts: One Loan 162\u003c\/p\u003e \u003cp\u003eThe Neural Network is Born 164\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Conclusion 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSecuritizing Individuals at an Individual Level with Blockchain 170\u003c\/p\u003e \u003cp\u003eWelcome to a Whole New World, Mr. Keynes 172\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A: The Future of Money – A Credit-Based Society 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStructural Superiority 177\u003c\/p\u003e \u003cp\u003eIllustration 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B: A House of Cards 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Debt-Fueled Illusion 181\u003c\/p\u003e \u003cp\u003eOur Perspective Must Shift 182\u003c\/p\u003e \u003cp\u003eGlossary 185\u003c\/p\u003e \u003cp\u003eResource Guide 191\u003c\/p\u003e \u003cp\u003eBibliography 207\u003c\/p\u003e \u003cp\u003eAbout the Author 221\u003c\/p\u003e \u003cp\u003eEndnotes 223\u003c\/p\u003e \u003cp\u003eIndex 241\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407085085015,"sku":"9781119564065","price":19.54,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119564065.jpg?v=1730498126","url":"https:\/\/bookcurl.com\/products\/money-without-boundaries-9781119564065","provider":"Book Curl","version":"1.0","type":"link"}