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If Libra can give people an option of a stable currency and chance against bad central bank (Zimbabwe, Venezuela etc) than may be it's not that bad of a thing.

If Libra can give people an option of a stable currency and chance against bad central bank (Zimbabwe, Venezuela etc) than may be it's not that bad of a thing. It's backed by basket of currencies and over a long period will face inflationary and bad monetary issues but it will still be a leg up over many many currencies. Author has not lived into high inflation market or lack awareness of people who suffer under these everyday. If Libra can free a multitude from this menace, we should support it indeed.

robertAngst 7y ago
>Libra can give people an option of a stable currency and chance against bad central bank In the future we will have strong criticisms of the US Dollar. It historically has not been stable over long periods of time. However, the US government has nearly forced every country to doing business in USD. This is great for ease of business, but given how low interest rates are, I expect a historic inflation of USD in my lifetime. Given its impossible to hire someone at Minimum Wage(2019), I believe we have inflation that is not being recorded with the US federal reserve. 2%/yr seems... fake.