Lessons from history. Hyperinflation in Germany 1923. Children playing with worthless banknotes.
#inflation #economy

Before central banks, the U.S. had the 'Free Banking Era' in the 19th century: no central authority, no regulated currency—a decentralized Banking Wild West. Does it remind you of crypto today? How did it function, and why did it end? Dive into the thread!
#Banking #economy #finance

There is this quote from Ayn Rand:
"Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver."
I’m curious how advanced AI will reshape money management – bet we will be less like drivers, but more like supervisors
#finance #money #economics

“Regardless of the terminology used, the term ‘central bank’ refers to a financial institution with the preeminent responsibility of formulating and implementing the monetary policy of the a currency area (typically a country)” – Nils Herger
Look at replies for more info!

From 1811 promissory notes to 2024 smart contracts, finance evolves but trust remains crucial. Promises on paper became banknotes, and now blockchain automates agreements, cutting out intermediaries. History repeats, just smarter. 💻📜 #Fintech #SmartContracts #FinanceHistory

Shower thought: Isn't Bitcoin just a modern echo of our longing for the stability of gold-backed currency? Feeling the chaos within soothed by the wisdom of ancestry?
#bitcoin #cryptocurrency #economy

History of central banks starts with France. In the early 18th century France was heavily indebted after the costly wars of Louis XIV. France asked Scottish economist John Law to help. This is how Banque Royale was born – well-intentioned idea with disastrous effects.

The first topic will be about central banks. Now reading this great book and gonna share my thoughts later
link.springer.com/book/10.1007...

Hey!
I'm dedicating this account to learning more about economics. Join me on the journey!
Henry Ford: "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."