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Look at the rationale section. The Fed needed more gold so it could print more dollars. Since today's dollar isn't backed by gold or crypto, the same reasoning
by DennisP 6y ago
Look at the rationale section. The Fed needed more gold so it could print more dollars. Since today's dollar isn't backed by gold or crypto, the same reasoning wouldn't apply.
In fact, if crypto were used more as money in the real economy, banning it would have the reverse effect, shrinking the amount of money in the economy.