If cryptocurrencies fail to provide easy liquidity, then they fail as mediums of exchange, one of
the principal roles of money.
Not exact matches
In that
role he also served as the chairman
of the Federal Open Market Committee (FOMC), which as the Fed's
principal monetary policymaking committee makes decisions on interest rates and managing the U.S.
money supply.
As far back as the 18th century the Irish economist Richard Cantillon described entrepreneurs as the
principal agent
of economic growth and renewal, whose
role is to support society — so it?s not just about the
money.