We've Been On a Digital Money Standard For at Least 50 Years

We've Been On a Digital Money Standard For at Least 50 Years
AP Photo/Elise Amendola, File

Just as the Federal Reserve is not a central bank, VISA is not actually a credit card company. What is it about money and payments which leads to so many of these things being labeled as what they aren’t? The answer, quite simply, is in the human ingenuity to expand the ability of money to interact in our daily economy and do so in ways that don’t consciously register.

There is a lot that's good in this. Some bad.

 

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