Reports from the frontiers of modern money and the future of finance. By Brett Scott| Altered States of Monetary Consciousness
In this episode we dive into debates about 'human nature', and how this influences our view of what the economy is, and what it should be| Altered States of Monetary Consciousness
Brett Scott's new 7-part series taking you on a journey from the ground level of our economic system to the highest reaches of global corporate capitalism. In Part 1 we explore the deepest foundation of economic life - interdependence.| Altered States of Monetary Consciousness
Understanding the payments system is a crucial part of understanding the monetary system| Altered States of Monetary Consciousness
Protecting physical cash is crucial if we are to fight the negative consequences of cashless society| Altered States of Monetary Consciousness
Central bank digital currency, or CBDC, is a hyped subject. Here are five ways to focus your mind before jumping to conclusions about it| Altered States of Monetary Consciousness
Why learning to see the layers of money will reveal the politics of 'cashless society', and much more --- This article was originally published on my Substack ASOMOCO. To see the original, or to leave comments, please visit the link below The Casino-Chip Society Why learning to see the| Altered States of Monetary Consciousness
And why they should embrace it Since I began this newsletter I’ve produced a number of pieces intended to help readers see through the topsy-turvy mythologies that surround crypto-tokens. I don’t do this to ‘diss’ crypto projects*, or to mock the people who believe| Altered States of Monetary Consciousness
And why our images conceal more than they reveal Imagine you are an inter-stellar adventurer who crash-lands on a distant planet. You are rescued from your wrecked spacecraft by members of an alien tribe, and they give you shelter in their village. You don’t speak their language, but| Altered States of Monetary Consciousness
Why getting past the Tarzan world-view will sharpen your economic vision ‘What is money?’ is a very popular question, but over the years I’ve realised that people will only accept answers to it that they’re ready to receive. Our minds are not blank canvases.| Altered States of Monetary Consciousness
The untold story of the hole in Bitcoin's heart| Altered States of Monetary Consciousness
Understanding the phenomenon of crypto countertrade I created the image above to illustrate the concept of ‘countertrade’, which is crucial to understand if you wish to see how crypto-tokens like Bitcoin work. The image is intended to show that someone who apparently ‘pays’ with Bitcoin for| Altered States of Monetary Consciousness
When it comes to most useful things, we intuitively know that their structure precedes - or gives rise to - their functions. For example, your computer has a structure that enables you to read this article. Money too has a structure that enables certain functions to exist, but, when asked| Altered States of Monetary Consciousness
Our emotional lives cannot be separated from the financial system. In this piece I show how 'fractional reserve banking' and burnout are linked| Altered States of Monetary Consciousness
When it comes to money, we experience the world as squirrels seeking acorns, while the state experiences it like an oak tree issuing them| Altered States of Monetary Consciousness
By dropping commodity theories of money, and embracing credit theories of money, we can build something a lot more exciting than standard crypto| Altered States of Monetary Consciousness
Covid-19 will be mobilised by the financial industry to push their War on Cash even further, leaving us ensnared within their private digital money empire| Altered States of Monetary Consciousness
While science suggests PIN terminals are more dangerous than cash, retailers continue to spread fear about it. Is this just naive, or are there darker motives?| Altered States of Monetary Consciousness