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Parallel economies are banned. Try making a new currency in the US.
by lemonlearnings 1y ago
Parallel economies are banned. Try making a new currency in the US.
- SoftTalker 1y agoEconomies can work without currencies. It's a little inconvenient, but bartering/trading goods for services was common in the depression when nobody had any cash.
- amatecha 1y agoInterestingly, new ad-hoc currencies pop up all over in times like that: https://www.armstrongeconomics.com/history/europes-economic-history/alternative-currencies-of-the-great-depression/ https://www.armstrongeconomics.com/history/europes-economic-... https://collectingpapermoney.spmc.org/wiki/Scrip_Issued_during_the_Great_Depression_of_the_1930s https://collectingpapermoney.spmc.org/wiki/Scrip_Issued_duri...
- scotty79 1y agoPrinting money is lucrative for the printer so any time it might get even a little bit useful and feasible for other parties somebody will start printing.
- majormajor 1y agoDid we just ignore the last fifteen years of crypto?
- lemonlearnings 1y agoNo I had the speculative ponzi front of mind when making that comment. Governments love crypto because it lets you seize lots of money from criminals across borders. And it is legal gambling where you can tax the winnings without reimbursing the losers (unless they can offset it but most probably can not)