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I think you know on its face that’s not even remotely equivalent to what we’re talking about here. Each country you’re referring to is a part of the EU and as a
by tw04 5y ago
I think you know on its face that’s not even remotely equivalent to what we’re talking about here. Each country you’re referring to is a part of the EU and as a member still has control of the overall policy. Just because they agree to making it democratic doesn’t somehow mean that private individuals now operate outside the scope of their collective control.
- brian_cloutier 5y ago> I think you know on its face that’s not even remotely equivalent to what we’re talking about here I did not know. The phrase "complete control over monetary policy" has a very specific meaning and I stand by my response as a counterexample to that meaning. And I don't think this is an unreasonable misunderstanding! People do worry about Bitcoin w.r.t monetary policy, a future of "hyperbitcoinization" where the world runs off a deflationary currency seems undesirable, to say the least. If that is not what you intended then even given your clarification here I'm still not sure what you meant to say with that phrase.
- pdpi 5y agoIs it that far from being equivalent though? Greece's financial crisis shows you exactly how far they were from controlling monetary policy.