Rethinking Money and Capital: New Economics for Qe, Stimulus, Negative Interest, and Cryptocurrencies

While money and capital occupy a centre stage in our daily lives, we rarely pause to think about their real nature. Contrary to an intuitive and unstated belief of most people, money and capital are not resources but simply bidding tokens. This rethinking of their nature can free the collective energies of human race from several artificially imposed constraints that hold no water upon closer scrutiny.

The analysis in this book leads to many counterintuitive conclusions. For example, the fis...