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> You don't need to use it to suffer negative consequences due to a private foreign for-profit business controlling monetary policy. And the track record of pu
by clarkmoody 7y ago
> You don't need to use it to suffer negative consequences due to a private foreign for-profit business controlling monetary policy.
And the track record of public, non-profit entities controlling monetary policy is ... great?
- gjulianm 7y agoNothing indicates that Facebook would have a better track record in controlling monetary policy (which is admittedly pretty hard), and at least central banks are under clear regulations and guidelines. Furthermore, Libra would have incentive to move the policy towards further profit for the members, while central banks have incentives to stabilize the economy.