5 ms·
Why though? Most of the good things I use in life are made by corporations. And governments have a long track record of mismanaging their currencies, whilst sim
by repolfx 7y ago
Why though? Most of the good things I use in life are made by corporations. And governments have a long track record of mismanaging their currencies, whilst simultaneously preventing people from creating their own - something that can have horrific outcomes. See any country that experienced hyperinflation.
- dalbasal 7y agoMost of the things, good and bad, are corporation related.. more so than ever. The example isn't clean though. There have been plenty of examples of corporate money creation, many also with disastrous results. Hyperinflation has been a problem for both. Recently though, inflation control is something central banks have done reasonably well, at least relative to those narrow goals. In any case, that's neither here nor there. There are things which are neither governments corporations. These days, those two aren't always all that different
- repolfx 7y agoWhich corporate currencies are you thinking of? The only big example I know of is Air Miles. That seems pretty well run for a currency. Central banks don't have inflation under control, they've just pushed it to places where it's not measured as part of the definition of inflation - primarily house prices, bonds and equities. That's what you'd expect given the way printed money is inserted into the economy.