Like Ron Burgundy and his milk, endlessly printing money is a bad choice. Everyone knows this. This is not new news. Yet, we still do it. All the time. Everywhere. And it’s precisely why all currencies, throughout history, have either devalued significantly, or died. Programmable money offers us the chance to create new currencies that act differently. The basic idea here is a “yield-bearing” stablecoin pegged to CPI, that rewards users when inflation rises, to maintain purchasing power. A ke...

Like Ron Burgundy and his milk, endlessly printing money is a bad choice. Everyone knows this. This is not new news. Yet, we still do it. All the time. Everywhere. And it’s precisely why all currencies, throughout history, have either devalued significantly, or died. Programmable money offers us the chance to create new currencies that act differently. The basic idea here is a “yield-bearing” stablecoin pegged to CPI, that rewards users when inflation rises, to maintain purchasing power. A ke...