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Why do you think this would be best facilitated by a government as opposed to a large group of stakeholders?
by thedstrat 4y ago
Why do you think this would be best facilitated by a government as opposed to a large group of stakeholders?
- turtledove 4y agoBecause if it's that central to the economy, representing half of all outstanding dollars, it needs to be managed centrally or bad things are gonna happen?
- nsonha 4y agoI mean who watch the watcher, we have democracy for the government right. Even that's an oversimplification, we have the 3 branches and check and balance so that everyone watches everyone else.
- logicchains 4y ago>Even that's an oversimplification, we have the 3 branches and check and balance so that everyone watches everyone else. The Federal Reserve, which manages the current currency, was explicitly made independent of such checks and balances.
- tfehring 4y agoBecause it’s easy to credibly promise someone their claim is worth X dollars when you (and you alone) control the creation of dollars.