Re:Facebook reveals its cryptocurrency Libra
by sytelus on Tuesday June 18, 2019 @08:27PM
(#20219822)
> There's nothing better about "Venezuelans should've used cryptocurrency" versus "Venezuelans should've used dollars".
US has often taken advantage of its dominant world currency position. For example, massive amount of QE that eventually gets absorbed worldwide with little inflation in US. Similarly "petro dollars". The bottom line is that if someone is allowed to print currency at whim, they will.
US has often taken advantage of its dominant world currency position. For example, massive amount of QE that eventually gets absorbed worldwide with little inflation in US. Similarly "petro dollars". The bottom line is that if someone is allowed to print currency at whim, they will.