Quote:
Originally Posted by bootsnixon
I question if these countries are happily using the US dollar. The U.S. is able to employ quantitative easing to pump money into businesses and citizens to prop up the economy with the side effect of future inflation (hopefully offset by a growing economy).
A foreign country using USD has no such lever. They are unable to stimulate their economy with government stimulus and yet suffer devalued USD to both citizen and government coffers. They suffer all the disadvantage with none of the advantage.
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True but that equally applies to crypto with the added benefit that some ######bag gets to periodically steal everything you have from his laptop in Belarus, the theory of crypto is secure, the practise of crypto is the most insecure crime ridden fraudulent sea of scams and grifters since they started selling swampland in Florida