2 - The Evolution of Monetary Policy
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The Evolution of Money: From Fiat to Bitcoin
This chapter explores the historical transition from commodity and representative money to a fiat system, emphasizing the implications of unchecked monetary policies. It discusses the challenges faced by central banks, including inflation and currency devaluation, particularly during pivotal moments like the Vietnam War and the Bretton Woods Conference. Finally, it introduces Bitcoin as a revolutionary alternative to traditional monetary systems, advocating for a decentralized approach to currency management.
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