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^ counter-parties can balance their books in this manner and are likely to do it more efficiently than loan officers. Hypothetically, your example can be perfo
by lumost 6y ago
^ counter-parties can balance their books in this manner and are likely to do it more efficiently than loan officers. Hypothetically, your example can be performed at an arbitrary scale with the only constraint being how fast the currency devalues prints and how fast you can turn bolivars into coffee beans, gold, or other hard goods.
additionally, the government may not have rights to the beans. In cases where governments can expropriate assets and goods from individuals, they have used them to directly raise foreign currency. A notable example of this is the Ukrainian famine.