Stablecoins, SACT-AI, and the Future of Global Liquidity for Sustainable Development
Citation APA (7th Edition) Pennings, A.J. (2026, Apr 28) Stablecoins, SACT-AI, and the Future of Global Liquidity for Sustainable Development. apennings.com https://apennings.com/political-economy-of-media/stablecoins-sact-ai-and-the-future-of-global-liquidity-for-sustainable-development/ Introduction The impending implementation of Treasury-backed stablecoins suggests a the onset of a profound shift in the architecture of global finance. What appears, at first glance, to be a technical innovation in digital […]
When Treasuries Went Digital and Built the Global USD System
The transformation of US Treasuries from paper to electronic form enabled scaling global liquidity, coordinating financial markets, and sustaining the vast network of dollar-based transactions that define today’s world economy.
From Gold to Grid and the “Information Standard” to the SACT-AI Engine
The blog post explores the transition of the global monetary order from the physical gold standard of Bretton Woods to Walter Wriston’s “Information Standard,” and finally to the proposed SACT-AI (Substitution, Abstraction, Computing, and Telecommunications) framework. It argues that money has transitioned into “Spreadsheet Capitalism,” where national economies are managed and disciplined by digital grids.
Neutralizing the Milkshake Effect in SACT-AI Bancor/ICU Monetary Coordination
SACT-AI transforms the milkshake effect from an extractive force into a managed, symmetric flow. USD shortages are neutralized because liquidity is generated within the Bancor ledger rather than being pulled from peripheral markets.
Bretton Woods, Computation, and the Road Not Taken: Reimagining Keynes’s ICU in the Age of AI
Citation APA (7th Edition) Pennings, A.J. (2026, Apr 17) Bretton Woods, Computation, and the Road Not Taken: Reimagining Keynes’s Bancor/ICU in the Age of AI. apennings.com https://apennings.com/artificial-intelligence/bretton-woods-computation-and-the-road-not-taken-reimagining-keyness-icu-in-the-age-of-ai/ Introduction The historical view of the Bretton Woods Conference often focuses on the political clash between American power (represented by Harry Dexter White) and British intellectual capital (represented […]
(SACT)AI Monetary Coordination: Bancor vs. SDRs
In the age of SACT-AI, the world now possesses the technological tools, symbolic computing, real-time telecom synchronization, and multi-agent governance, to implement a true bancor-style architecture that resolves the structural flaws embedded since Bretton Woods.
USD Liquidity: A Tiered Hierarchy Model and Implications for AI4Good and ICT4D
Citation APA (7th Edition) Pennings, A.J. (2026, Apr 12) USD Liquidity: A Tiered Hierarchy Model and Implications for AI4Good and ICT4D. apennings.com https://apennings.com/characteristics-of-digital-media/usd-liquidity-a-tiered-liquidity-hierarchy-model-and-implications-for-ai4good-and-ict4d/ Introduction The “USD” is not simply a national currency. It is a global liquidity system composed of both domestically issued US dollars and offshore Eurodollar credit created by international banks. Together, these […]
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About Me
Professor (full) at State University of New York (SUNY) Korea since 2016. Research Professor for Stony Brook University. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and global political economy
You can reach me at:
anthony.pennings@gmail.com
apennings70@gmail.com
anthony.pennings@sunykorea.ac.kr
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