3 ms·
Nation states will never give up the ability to print money, and fiat will always exist. But a deflationary asset has utility, and ironically central banks wil
by doggosphere 5y ago
Nation states will never give up the ability to print money, and fiat will always exist.
But a deflationary asset has utility, and ironically central banks will want to hold it as a reserve asset. They'll just be the last ones to do so.