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Except of course that when incompetent or authoritarian governments have to borrow or seize money they need to cover up shortfalls, the consequences aren't exac
by notahacker 5y ago
Except of course that when incompetent or authoritarian governments have to borrow or seize money they need to cover up shortfalls, the consequences aren't exactly better...
And it's not like crypto removes the notion of wealthy elites capturing the revenue of money printing, it just moves them and their money a long way from the local economy, requires them to spend a lot of money on burning power and removes any incentive for them to spend it on local roads or schools.