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Focusing on the U.S. Federal Reserve System (“the Fed”), the Article outlines a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a democratic economy—the People’s Ledger.
Julian Feder: "The PoW protocol allows the Bitcoin network to reach consensus regarding the contribution of each node in the system to the authentication process needed to verify transactions. The moment such a consensus is reached, contributors are rewarded with freshly minted Bitcoins. The PoW model restricts itself to an algorithmically ...
Nevertheless, as Castells argues, frame dominance (usually by whichever entity is at the top of the cascade) is the norm and frame parity (the successful challenge of a dominant frame by less powerful groups) is the exception. As Castells puts it: - “Activation at each level of the cascade depends on how much information is communicated in a ...
And that sounds a lot like the economic tyranny we face today with the private Fed. North attacks Greenbackers because they “are opposed to central banking, unless the central bank is 100% owned and controlled by Congress” as if to say, how dare the people demand ownership of their own currency.
Giving away free money may sound too good to be true or wildly irresponsible, but it is exactly what the Fed and the BoE have been doing for bond traders and bankers since 2009. Directing QE to the general public would not only be much fairer but also more effective.
Dividuation, on the other hand, is the internal division of entities into measurable and adjustable parameters, in the way, for instance, a digital sound sample is divided into separate parameters of tone, pitch, or velocity. [16] For audio engineers, these parameters, or "modules," can be independently adjusted (some fixed while others are ...
Part of Sacred Economics will be dismantling this scarcity of learning in our lives. It will mean breaking out of the monopoly of schooling, and instead exploring and creating a myriad of learning spaces to connect to the passions, dreams, needs, questions, of each person and community.
