From Shells to Bitcoins
- Antonino Galloni
The author defines as Monetarian Economy not necessarily one with currency but one with unity of account (or measure). So, money is unlimited as unity of measure and could be scarce as payment way or currency.
The author examines ways of payment without internal value as shells and the history of gold and silver currency (and credit) from antiquities to middle ages, from the modern age to the present.
Currently, since 1971, money has lost it’s link with gold. The author tries to explain why, today, money without its internal value is not so abundant and so scarce into the system.