Tuesday, June 23, 2009

#really? 23. Cyber money

"The death of politics will mean the end of central bank regulation and manipulation of money. Cyber money will become the new money of the Information Age, replacing the money of Industrialism. This means not only a change in the fortunes of banknote printers; it implies the death of inflation as an effective means by which nation-states can commandeer resources. Real interest rates will tend to rise."

This is another of the controversial implications from The Sovereign Individual: Mastering the Transition to the Information Age by James Dale Davidson & Lord William Rees-Mogg, Simon & Schuster, 1997

Is it really so?