3 articles tagged monetary policy.
A response to Aijaz Bashir Lone's analysis of America's $39 trillion debt crisis. The root cause is not institutional, it is arithmetic. And Islamic economic principles, while directionally correct, require structural architecture to move from aspiration to implementation.
The specter of 'dollar doomsday' tends to arrive wearing the mask of inflation. History is more subtle. A monetary system can absorb sizeable shocks and then re-anchor, unless its institutions fail to correct course.
Money did not begin as a spreadsheet or a blockchain. It began as memory. Strip away the romance and the dollar's primacy flows from an institutional stack: deep collateral markets, reliable settlement, and legal recourse at scale. But the story is not static.