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What's crucially important, and conspicuously unmentioned, is not taxes but monetary policy as a whole: can the central bank (or "mint") control the interest ra
by scythe 11y ago
What's crucially important, and conspicuously unmentioned, is not taxes but monetary policy as a whole: can the central bank (or "mint") control the interest rate? Is inflation possible?
- icebraining 11y agoIt's right on the home page: Taler uses an electronic mint holding financial reserves in existing currencies. This means that Taler is not a new currency with the inherent currency fluctuation risks, but instead the cryptographic coins correspond to existing currencies, such as US Dollars, Euros or even BitCoins. So, yes, inflation is possible, since the digital coins are tied to existing currencies.