Final answer:
Fiscal policies in the future must adapt to the rise of a cashless society and the growth of cryptocurrency, reflecting the shift from commodity-based to fiat currencies and embracing technological advancements.
Step-by-step explanation:
In the future, fiscal policies will need to be adaptive to consider the growing prevalence of a cashless society, the integration of cryptocurrency, and the potential for new forms of currency that we have yet to imagine.
The evolution of money, from physical commodities like cowrie shells to digital fiat currencies, reflects the increasing influence of technology and global integration on the economy.
With the United States being a major player in world banking since the Bretton Woods agreement, and considering the challenges from foreign currencies and the innovative ghost currency of cryptocurrencies like Bitcoin, fiscal policies must be designed to bolster the technologies that underpin these modern forms of money
Moreover, the shift towards cashless transactions was expedited by the COVID-19 pandemic, emphasizing the necessity for these policies.