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Harmonizing Epochs: Blockchain Technology at the Intersection of Friedman’s Monetary Policy and Keynesian Economic Principles
  • Oliver Bodemer
Oliver Bodemer
Oliver Bodemer

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Abstract

The advent of blockchain technology has ushered in a new era of innovation, potentially reshaping the landscape of various industries, including the financial and insurance sectors. This study seeks to explore the intricate interplay between blockchain technology and two pivotal economic theories: Friedman’s monetary policy and Keynesian economic principles. Through meticulous analysis, this research aims to unravel the potential synergies and conflicts that emerge when modern technology meets established economic doctrines.
At the heart of this research is a comprehensive case study on Allianz, a prominent insurance company in Germany, which has embarked on a journey to integrate blockchain technology into its operations. This case study serves as a microcosm to understand the broader implications of blockchain technology in the context of Friedman’s emphasis on monetary stability and Keynesian advocacy for government intervention in economic management.
By dissecting Allianz’s initiatives, this study delves into the nuances of blockchain implementation, examining its potential to foster efficiency, transparency, and economic stimulation, facets that resonate well with the theories propounded by Friedman and Keynes. Furthermore, this research scrutinizes the regulatory challenges and opportunities that emerge in this transformative journey, offering a balanced perspective on the potential harmonization of these epochs.
Through this research, a nuanced dialogue is fostered that bridges the gap between technology and economic theory, paving the way for a harmonized future where innovation complements tradition. By harmonizing these epochs, a future is envisioned where blockchain technology not only revolutionizes industries but also aligns seamlessly with enduring economic principles, fostering a symbiotic relationship that propels society towards sustainable growth and development.