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That will always be true. Even with a 100% crypto world governments can use taxes/reserves/bonds/tariffs to prop up / bail out failing companies. They just wou
by yazaddaruvala 5y ago
That will always be true. Even with a 100% crypto world governments can use taxes/reserves/bonds/tariffs to prop up / bail out failing companies.
They just wouldn’t be able to use quantitative easing (easily - i.e. without global consensus) to do it.
- shkkmo 5y agoWhy not? Tether showed that quantative easing works just fine in cryptoland.
- ShamelessC 5y agohttps://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether https://www.bloomberg.com/news/features/2021-10-07/crypto-my... Tether is a counterfeiting operation.