4 ms·
The current system seems extremely fragile to me; it's as if the tiniest miscalculation in terms of government debt versus economic growth could set a country o
by jondubois 8y ago
The current system seems extremely fragile to me; it's as if the tiniest miscalculation in terms of government debt versus economic growth could set a country on an irreversible course to hyperinflation (with respect to other countries' currencies).
It seems ridiculous that governments have the power to seal the financial fate of their citizens in this way; irrespective of the actual economic output of those citizens.
I think this makes a strong case for cryptocurrencies; citizens should be allowed to choose a currency which reflects their own level of financial discipline (and not that of their government).