A big container ship because I needed an image to represent global supply chains.
A proud symbol of the United States Postal Service, also known as a Grumman Long Life Vehicle.

“Take a look at the seventh Fetzer valve. It’s been sticking.” (Read on for an explanation.)

On CBDCs, airplane parts, and lost refrigerators

The back of a Republic of Texas treasury note from the 1840s, the so-called “redback.” They were circulated as legal tender but became virtually worthless almost immediately. (The debt the new Republic of Texas accrued, and its inability to create a money that anyone would accept, is one of the reasons it joined the U.S.) Lesson: Anyone can create money, but they can’t make it have value.

James Wester

Research Director at IDC covering blockchain and distributed ledger technology.

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