4 ms·
Here you describe a good reason why people need USD - indeed another currency or asset class cannot be used to pay US taxes. But its not clear to me why this m
by portent 9y ago
Here you describe a good reason why people need USD - indeed another currency or asset class cannot be used to pay US taxes. But its not clear to me why this means valuing currencies on future expectations is a fallacy? It just means that US taxpayers will need US dollars at tax payment time.