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That ordinance clears the way for victims of discrimination to file a lawsuit seeking monetary redress, but none have yet been filed.
And laws and insurance provide legal and monetary redress abilities that Bitcoin lacks.
The FTC has temporarily frozen the assets of two of the main culprits, Innovative Marketing, Inc. and ByteHosting Internet Services, LLC in order "to preserve the possibility of providing consumers with monetary redress" and the FTC also "seeks to permanently bar the defendants from engaging in 'scareware' marketing" after it slapped both companies with a restraining order a few days ago.
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It seeks unspecified monetary damages.
Without the ability to devalue the currency or adapt monetary policy, redressing the imbalances must come through 'internal devaluation': bringing down real wages and prices relative to those of competitors.
The legal obstacles to Indian land suits at the time made it almost impossible to obtain redress until monetary compensation was awarded the Senecas under the Indian Claims Commission in the late 1960s and early 1970s.
The complainants petitioned the court for a ban on the "passing of user information without consent and monetary compensation," claimed damages for breach of privacy, and sought redress for other enumerated claims.
"Or if there is some kind of monetary compensation, it's usually not enough for proper redress".
The introduction of monetary systems and dissatisfaction with the inequities of this vengeful redress led to settling disputes by awarding money damages.
Some economists have questioned whether monetary policy can propel Japan to higher growth without a redress of the country's other economic problems, like its burgeoning public debt and much-needed changes in its tax and pension systems.
"Making Globalization Work" calls repeatedly for action to avoid or redress the impact of externalities — in trade, corporate activity, the environment and financial and monetary affairs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com