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Exactly. Relevant to this discussion, if you are living in a Euro/USD country where everyone will happily accept your currency and you can indirectly affect mon
by jonathan-adly 5y ago
Exactly. Relevant to this discussion, if you are living in a Euro/USD country where everyone will happily accept your currency and you can indirectly affect monetary policy then why would you care? Of course, cryptocurrency would seem useless to you.
It’s not the same everywhere though!
- bb88 5y agoIf you want a free society you have to live like you're in one. Closing debate on any topic is not a free society.
- leppr 5y agoI know of no country where the average citizen can affect the monetary policy of their currency. Otherwise we wouldn't have had two full years of central bank-fueled upwards wealth redistribution almost everywhere in the world.
- jonathan-adly 5y agoIn abstract theory, in the US - you get to elect the president who nominates folks at the central bank and congress (again, elected) confirms them. I agree with you in reality though. The average person have 0 input in the monetary policy in America or Europe.
- leppr 5y agoYou forgot one step (which further highlights the absurdity of this system): US citizens elect "presidential electors" who then elect the president.