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Any idea of an instantaneous, sweeping change, is utopian. But more gradual actions are possible. For instance the government could decide to let the dollar ser
by analog31 1y ago
Any idea of an instantaneous, sweeping change, is utopian. But more gradual actions are possible. For instance the government could decide to let the dollar serve as a medium of exchange while discouraging its use as a long term store of value. They could do this by triggering a mild inflation, such as 2% per year, that would encourage people to move their wealth out of dollars and into things like land, goods, factories, etc.
The dollar wouldn't become worthless, but it would become worth 2% less per year.