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>> Having control over supply of your currency is a good thing, as long as it’s well run. Depends whose control we're referring to. The people who control the
by cryptica 6y ago
>> Having control over supply of your currency is a good thing, as long as it’s well run.
Depends whose control we're referring to. The people who control the currency control the dynamics of the economy and society. That's all good if the dynamics work in your favor (e.g. your friends are central bankers and billionaires) but otherwise it's terrible.
Also, what does it mean "well run"? Well run from whose perspective? Monetary policy does not create economic value; it can only help those in charge to decide who are the winners and who are the losers.
My personal values don't align at all with the current monetary system. It doesn't work for me. It works against me. I'd rather accept a currency which cannot be controlled by anyone than one which is controlled by my enemies.