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> the government doesn't have a monopoly over money Who is determining our monetary policy then? Who is setting interest rates? Where does the money for a tril
by scottiebarnes 5y ago
> the government doesn't have a monopoly over money
Who is determining our monetary policy then? Who is setting interest rates? Where does the money for a trillion dollar stimulus package come from?
> The whole crypto narrative seems thought out by people who don't have a clue about how things work and have zero real-life experience.
Right now I'm questioning how much you understand about what money is and how it works.
- lottin 5y ago> Who is determining our monetary policy then? Who is setting interest rates? Where does the money for a trillion dollar stimulus package come from? I don't know... does the answer to any of these questions suggest to you that the issuance of currency is a government monopoly? If that's the case, you should probably start here: https://en.wikipedia.org/wiki/Monopoly https://en.wikipedia.org/wiki/Monopoly
- scottiebarnes 5y agoYes, controlling the world's reserve currency and forcing others to adopt it fits the definition of monopolizing money. You should probably start here: https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system https://www.thebalance.com/what-is-a-petrodollar-3306358 https://www.thebalance.com/what-is-a-petrodollar-3306358 https://www.investopedia.com/terms/r/reservecurrency.asp https://www.investopedia.com/terms/r/reservecurrency.asp
- lottin 5y agoQ.E.D.