{"id":3624,"date":"2018-04-07T16:59:31","date_gmt":"2018-04-07T16:59:31","guid":{"rendered":"http:\/\/www.newmoneyreview.com\/?p=3624"},"modified":"2019-02-08T16:12:14","modified_gmt":"2019-02-08T15:12:14","slug":"freer-thinking-about-money","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/","title":{"rendered":"Freer thinking about money"},"content":{"rendered":"

\"\"<\/h4>\n

Judging by the volume and the heat of the headlines they generate, cryptocurrencies touch something deep in the human psyche. But the contradictory nature of those headlines may leave you with a headache.<\/h4>\n

Depending on who you listen to, bitcoin\u00a0is a form of artificial intelligence<\/a>\u00a0and cryptocurrencies are the future of money<\/a>. Or bitcoin isn\u2019t any such thing<\/a>.\u00a0Bitcoin is a bubble<\/a>. It\u2019s for drug dealers<\/a>, pornographers and other criminals<\/a>. Bitcoin\u00a0is a protocol<\/a>. It\u2019s a virus<\/a>. Bitcoin is a political ideology<\/a>. Cryptocurrencies are subversive<\/a>. Bitcoin squanders energy<\/a>, or it\u2019s a clever use of energy that\u2019s too hard to store<\/a>. It\u2019s a terrorist\u2019s dream come true<\/a>. Perhaps it\u2019s for young males<\/a>, and particularly those on the autistic spectrum<\/a>.\u00a0Bitcoin\u00a0is a fraud: it\u2019s for murderers<\/a>.\u00a0Bitcoin\u00a0is a complex network<\/a>.\u00a0Cryptocurrencies are a cult<\/a>.<\/p>\n

Perhaps the polemics are unsurprising: apart from religion, no other subject generates such noisy and partisan debate as money.<\/p>\n

We don\u2019t need to take sides in the debate to accept that our concept of money has mutated throughout history: it\u2019s taken many different forms and, collectively, we\u2019ve shifted frequently from one version to another.<\/p>\n

There\u2019s nothing immutable about the current, post-Bretton Woods era of unbacked fiat currencies, a period that has lasted less than fifty years (US President Nixon ended the dollar\u2019s convertibility into gold in 1971<\/a>).<\/p>\n

Are we seeing a seismic shift in the form of money, so that we end up with a new store of value, medium of exchange, unit of account and means of payment? Or could we see competing, overlapping versions of these functions?<\/p>\n

Apart from religion, no other subject generates such noisy and partisan debate as money.<\/p><\/blockquote>\n

One of the main features of cryptocurrencies is their immutable, transparent ledger of past transactions, called a blockchain. Tradeable tokens of the currency have value because they represent a share in the ledger. But is this truly an innovation?<\/p>\n

The inhabitants of the island of Yap in Micronesia used stone money in a similar way for centuries. No-one shifted the so-called Rai stones around when a transaction was made: instead, people transferred notional mental shares in the immovable, imperishable discs.<\/p>\n

Although all money relies on shared acceptance across a network of users that certain underlying objects have value, Rai stones took this concept to an extreme.<\/p>\n

Underlining the abstract nature of many forms of money, the practice of transferring shares in Rai stones could continue even when the stones were lost overboard from ships and rested at the bottom of the sea.<\/p>\n

\"\"<\/p>\n

Rai stones<\/i><\/p>\n

Another form of money, the clay tablets of Mesopotamia, were also an immobilised ledger of accounts.<\/p>\n

\"\"<\/p>\n

Mesopotamian clay tablet<\/i><\/p>\n

Many people seem to have difficulty accepting cryptocurrencies as real because they can\u2019t touch them or hold them in their hand, like you could a silver \u201cowl\u201d of Athens, one popular currency of the ancient world.<\/p>\n

\"\"<\/p>\n

Athenian silver \u201cowl\u201d<\/i><\/p>\n

But Rai stones show that transferability in physical form is not a prerequisite of a functioning store of value or unit of account.<\/p>\n

Rai stones were local money: they worked for a community of perhaps tens or hundreds of thousands of people. Within that size of community, everyone trusted each other to keep the correct score of ownership. What is undoubtedly new with cryptocurrencies is the massively greater scale at which the principle of network money is now being applied. In turn, this relies on faith in the underlying technology.<\/p>\n

As is often the case with money, value and utility rest on a circularity of argument. Rai stones were valuable because they were accepted. But they were also accepted because they were valuable.<\/p>\n

Those criticising bitcoin and other cryptocurrencies for having no inherent value perhaps haven\u2019t thought long and hard enough about this aspect of monetary history. In effect, the fact that bitcoin was originally \u201cbootstrapped\u201d into existence in early 2009 by a small group of computer scientists doesn\u2019t necessarily invalidate it as money.<\/p>\n

The fact that bitcoin was originally \u2018bootstrapped\u2019 into existence by a small group of computer scientists doesn\u2019t necessarily invalidate it as money.<\/p><\/blockquote>\n

Another objection to cryptocurrencies comes from the position of those in power\u2014the priesthood of the existing belief system. In one sense, the vocal recent criticisms of bitcoin from central bankers and heads of commercial banks are surprising.<\/p>\n

By comparison with the existing monetary system, cryptocurrencies are still tiny in terms of their market value and the scale of their adoption. But at the same time the bankers are surely right in their gut instinct that the two systems of money are essentially contradictory, and that the new version threatens the old.<\/p>\n

How to counter the threat? Central banks have been discussing the introduction of their own cryptocurrencies, but are acutely aware of the risk that allowing the public to stake direct claims on the central bank\u2019s balance sheet could undermine trust in the broader banking system.<\/p>\n

If your sterling, euro or dollar bank deposits can be replaced by an account at the Bank of England, Fed or ECB, why wouldn\u2019t you want that?<\/p>\n

\u201cA general purpose central bank digital currency could give rise to higher instability of commercial bank deposit funding,\u201d the Bank for International Settlements (BIS) wrote in a report<\/a> released in March 2018.<\/p>\n

\u201cEven if designed primarily with payment purposes in mind, in periods of stress a flight towards the central bank may occur on a fast and large scale.\u201d<\/p>\n

Many governments, especially those who have mismanaged their national currencies, will not welcome competition.<\/p><\/blockquote>\n

The emergence of cryptocurrencies could also signal a more fundamental shift in global power structures. It\u2019s unsurprising that three of the countries under US-led financial sanctions are taking a close interest in the technology. North Korea is reportedly trying<\/a> to amass a cryptocurrency war chest, Venezuela has started its own cryptocurrency<\/a> and Iran may follow suit<\/a>.<\/p>\n

There may well be a final showdown ahead between the proponents of government-issued fiat currencies and supporters of new currencies based on cryptography. After all, the history of money is full both of threats of violence and of actual violence.<\/p>\n

Those caught clipping (debasing) coins in 18th<\/sup> century Britain faced the death penalty<\/a>: devaluing the currency was the privilege of kings. Possession of foreign currency in the USSR was a criminal offence, liable to land you in a labour camp. Many governments, especially those who have mismanaged their national currencies, will not welcome competition. Nor will the bankers who have benefited from an effective monopoly.<\/p>\n

But there is also a more peaceful potential outcome\u2014where government and private currencies coexist, albeit in an uneasy relationship. If this period of competition is what lies ahead, all of us can benefit from freer thinking about the nature of money.<\/p>\n","protected":false},"excerpt":{"rendered":"

Judging by the volume and the heat of the headlines they generate, cryptocurrencies touch something deep in the human psyche. But the contradictory nature of those headlines may leave you […]<\/p>\n","protected":false},"author":4,"featured_media":3625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1013,1027,1011],"tags":[1085,1034,1084,1048,1086,1049,1050,1040,1083,1022,1087],"class_list":{"0":"post-3624","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-account","8":"category-our-picks","9":"category-value","10":"tag-bis","11":"tag-bitcoin","12":"tag-central-banks","13":"tag-cryptography","14":"tag-ecb","15":"tag-free-thinking","16":"tag-human","17":"tag-internet","18":"tag-mesopotamia","19":"tag-rai-stones","20":"tag-ussr"},"yoast_head":"\nFreer thinking about money - New Money Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Freer thinking about money - New Money Review\" \/>\n<meta property=\"og:description\" content=\"Judging by the volume and the heat of the headlines they generate, cryptocurrencies touch something deep in the human psyche. But the contradictory nature of those headlines may leave you […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/\" \/>\n<meta property=\"og:site_name\" content=\"New Money Review\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-07T16:59:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-08T15:12:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"788\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"New Money Review Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newmoneyreview\" \/>\n<meta name=\"twitter:site\" content=\"@newmoneyreview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"New Money Review Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/\"},\"author\":{\"name\":\"New Money Review Staff\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/34c47dea9161c6b33d0ca38dc5972730\"},\"headline\":\"Freer thinking about money\",\"datePublished\":\"2018-04-07T16:59:31+00:00\",\"dateModified\":\"2019-02-08T15:12:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/\"},\"wordCount\":1138,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/newmoneyreview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg\",\"keywords\":[\"BIS\",\"bitcoin\",\"central banks\",\"cryptography\",\"ECB\",\"free thinking\",\"human\",\"internet\",\"Mesopotamia\",\"rai stones\",\"USSR\"],\"articleSection\":[\"ACCOUNT\",\"Our Picks\",\"VALUE\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/\",\"url\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/\",\"name\":\"Freer thinking about money - New Money Review\",\"isPartOf\":{\"@id\":\"https:\/\/newmoneyreview.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg\",\"datePublished\":\"2018-04-07T16:59:31+00:00\",\"dateModified\":\"2019-02-08T15:12:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage\",\"url\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg\",\"contentUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg\",\"width\":1400,\"height\":788},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/newmoneyreview.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Freer thinking about money\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newmoneyreview.com\/#website\",\"url\":\"https:\/\/newmoneyreview.com\/\",\"name\":\"New Money Review\",\"description\":\"A periodical covering the accelerating changes in money\",\"publisher\":{\"@id\":\"https:\/\/newmoneyreview.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/newmoneyreview.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/newmoneyreview.com\/#organization\",\"name\":\"New Money Review\",\"url\":\"https:\/\/newmoneyreview.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg\",\"contentUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg\",\"width\":1418,\"height\":158,\"caption\":\"New Money Review\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/newmoneyreview\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/34c47dea9161c6b33d0ca38dc5972730\",\"name\":\"New Money Review Staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/dde30bd01b88010f95b116e674eb3b5b8ef18e77ebe766eceab195eb45d35934?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/dde30bd01b88010f95b116e674eb3b5b8ef18e77ebe766eceab195eb45d35934?s=96&d=mm&r=g\",\"caption\":\"New Money Review Staff\"},\"url\":\"https:\/\/newmoneyreview.com\/index.php\/author\/new-money-review-staff\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Freer thinking about money - New Money Review","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/","og_locale":"en_GB","og_type":"article","og_title":"Freer thinking about money - New Money Review","og_description":"Judging by the volume and the heat of the headlines they generate, cryptocurrencies touch something deep in the human psyche. But the contradictory nature of those headlines may leave you […]","og_url":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/","og_site_name":"New Money Review","article_published_time":"2018-04-07T16:59:31+00:00","article_modified_time":"2019-02-08T15:12:14+00:00","og_image":[{"width":1400,"height":788,"url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg","type":"image\/jpeg"}],"author":"New Money Review Staff","twitter_card":"summary_large_image","twitter_creator":"@newmoneyreview","twitter_site":"@newmoneyreview","twitter_misc":{"Written by":"New Money Review Staff","Estimated reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#article","isPartOf":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/"},"author":{"name":"New Money Review Staff","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/34c47dea9161c6b33d0ca38dc5972730"},"headline":"Freer thinking about money","datePublished":"2018-04-07T16:59:31+00:00","dateModified":"2019-02-08T15:12:14+00:00","mainEntityOfPage":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/"},"wordCount":1138,"commentCount":1,"publisher":{"@id":"https:\/\/newmoneyreview.com\/#organization"},"image":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage"},"thumbnailUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg","keywords":["BIS","bitcoin","central banks","cryptography","ECB","free thinking","human","internet","Mesopotamia","rai stones","USSR"],"articleSection":["ACCOUNT","Our Picks","VALUE"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/","url":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/","name":"Freer thinking about money - New Money Review","isPartOf":{"@id":"https:\/\/newmoneyreview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage"},"image":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage"},"thumbnailUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg","datePublished":"2018-04-07T16:59:31+00:00","dateModified":"2019-02-08T15:12:14+00:00","breadcrumb":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#primaryimage","url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg","contentUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg","width":1400,"height":788},{"@type":"BreadcrumbList","@id":"https:\/\/newmoneyreview.com\/index.php\/2018\/04\/07\/freer-thinking-about-money\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/newmoneyreview.com\/"},{"@type":"ListItem","position":2,"name":"Freer thinking about money"}]},{"@type":"WebSite","@id":"https:\/\/newmoneyreview.com\/#website","url":"https:\/\/newmoneyreview.com\/","name":"New Money Review","description":"A periodical covering the accelerating changes in money","publisher":{"@id":"https:\/\/newmoneyreview.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newmoneyreview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/newmoneyreview.com\/#organization","name":"New Money Review","url":"https:\/\/newmoneyreview.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/","url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg","contentUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg","width":1418,"height":158,"caption":"New Money Review"},"image":{"@id":"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/newmoneyreview"]},{"@type":"Person","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/34c47dea9161c6b33d0ca38dc5972730","name":"New Money Review Staff","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/dde30bd01b88010f95b116e674eb3b5b8ef18e77ebe766eceab195eb45d35934?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dde30bd01b88010f95b116e674eb3b5b8ef18e77ebe766eceab195eb45d35934?s=96&d=mm&r=g","caption":"New Money Review Staff"},"url":"https:\/\/newmoneyreview.com\/index.php\/author\/new-money-review-staff\/"}]}},"jetpack_featured_media_url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/03\/brain-circuit.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/3624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/comments?post=3624"}],"version-history":[{"count":8,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/3624\/revisions"}],"predecessor-version":[{"id":3769,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/3624\/revisions\/3769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/media\/3625"}],"wp:attachment":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/media?parent=3624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/categories?post=3624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/tags?post=3624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}