Money as Information and Time: An Analysis of Gilder's Theory

This article provides a thorough analysis of George Gilder's economic thought, redefining money not only as a medium of exchange but primarily as a carrier of information and a measure of time. The author draws on the philosophy of Georg Simmel and Claude Shannon's mathematical information theory, demonstrating the destructive impact of inflation and quantitative easing on the economic epistemic system. The text explains why stable money is essential for the proper functioning of market communication channels and how contemporary central bank policies generate information noise. The study also addresses issues related to the future of finance, including the threats posed by the introduction of programmable digital currencies (CBDCs) and the importance of low time preference for sustainable economic growth.