![]() The authors of this volume discuss the implications of the current architecture of global finance, its impact on ever-growing income disparity, and question money and finance as such. The MoneyLab Reader brings developments in crowdfunding, currency design, technologies of payment, and other economic experiments into dialogue. With this in mind, a terminology that is consistent with monetary practice-current, past and future-as well as the procedural difficulties of reforming laws and regulations is proposed Consequently, this paper argues that basic legal definitions need to be reviewed and consolidated to enable the innovation and diversification in monetary systems needed for long term macro-economic stability. They are both found to be used and defined in contradictory ways that are inapt even in regard to conventional modern banking practices, let alone when applied to novelty in payment, issuance and valuation. ![]() From the unencumbered vantage point that the practice of complementary currencies offers, definitions of the terms “money” and “currency” are here traced through the laws and regulations of the United States of America, from the beginnings of modern banking to the recent rulings on crypto-currencies. This paper examines the definitions of “money” and “currency” in financial legislation as a foundational factor in achieving systemic resilience by allowing or hampering monetary innovation and diversity. Ensuring their adequacy and resilience is an important factor for sustainability at large. ![]() Find out more at upstreampodcast.External shocks, like the climate catastrophe or the COVID-19 pandemic, as well as intrinsic fallacies like the securitization of bad debt leading up to the financial crisis in 2008, point to the need for updating our monetary and financial systems. Please consider chipping in a one-time or recurring donation at Also, if your organization wants to sponsor one of our upcoming episodes, we have a number of sponsorship packages available. Upstream is a labor of love - we couldn't keep this project going without the generosity of our listeners and fans. Support for this episode was provided by the Guerrilla Foundation and by listeners like you. Upstream theme music was composed by Robert Raymond. Thank you to The Pixies for the intermission music. In this Conversation, we take a deep dive beneath the surface of the global financial system to explore the technical and political differences between various forms of money, why corporations are attacking physical cash and plotting to completely replace it with digital money, who will really benefit from a cashless society, and why the fight for ownership of our digital footprints is one of the most pressing battles of our time. In his latest book, Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets, author, journalist, and financial hacker Brett Scott lays out an extremely compelling case arguing that corporations are engineering an enclosure of money - transforming it into a completely digital form which they alone will control. Is the growing ascendance of digital money simply an organic evolution away from the purported inconveniences of physical cash? Or is this transition actually a nefarious, corporate-engineered, neo-enclosure of money by Big Finance and Big Tech?
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