Source: The Daily Economy
by Peter C Earle
“The notion that artificial intelligence at full bloom might eliminate the need for money reflects a deep confusion about what money is and does. Money is not merely a barter-avoiding convenience layered onto an otherwise frictionless world. It is a solution to fundamental problems of exchange, profound difficulties in coordination, and comparison of alternatives under scarcity. Even in a hypothetical future defined by extraordinary productivity gains and broadly collapsing prices, those underlying problems do not disappear. Instead they change form, and for as long as scarcity, tradeoffs, and uncertainty persist in any domain, so too will the need for money.” (05/06/26)
https://thedailyeconomy.org/article/no-ai-wont-make-money-obsolete/