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What do you mean a "theoretical path to value"? If I understand you correctly, I think you're implying that everything has to be speculative, like currencies t
by rocgf 5y ago
What do you mean a "theoretical path to value"?
If I understand you correctly, I think you're implying that everything has to be speculative, like currencies too?
- elif 5y agoNo. I'm implying that a currency should make an effort to maintain its value to be considered a currency. The fundamentals of USD are not backed by a trade surplus or by a demand for foreign reserves, as has been the case for the majority of time since the end of the gold standard. In this context, indefinite QE unsupported by economic growth puts USD in an unprecedented position, and is exposed to runaway inflation.
- deleted 5y ago[deleted]