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The other thing stopping it is the law and the fact that the US dollar is the global reserve currency and that would be a pretty great way to ruin that
by jncfhnb 2y ago
The other thing stopping it is the law and the fact that the US dollar is the global reserve currency and that would be a pretty great way to ruin that
- JumpCrisscross 2y ago> that would be a pretty great way to ruin that Not really. It would be similar to tax rules—not really applicable to non-American depositors.
- jncfhnb 2y agoIt _could_ be like that. But we’re very deep down slippery slope hypotheticals by this point.
- JumpCrisscross 2y ago> we’re very deep down slippery slope hypotheticals by this point Not really. We're talking about how the U.S. government treats local deposits at American banks. That's not really relevant to the dollar's international role.
- danielmarkbruce 2y agoA digital dollar is not down some rabbit hole of hypotheticals. The fed (amongst others) debate/study it. Published this a couple years ago: https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf https://www.federalreserve.gov/publications/files/money-and-...
- jncfhnb 2y agoWe’re not talking about a digital dollar so much as a government mandated spending program for all citizens or perhaps retail account owning individuals.