Buy some dollar would have been awesome advice after Bretton Woods and pretty much up until now. Now we will have a new world currency. The dollar had a good run but it has pumped as far as it can go now on money printing.
It's a very utopian idea though, isn't it? What government is going to settle for a currency that's out of their control, that doesn't allow them to collect taxes efficiently?
I'm not really for or against crypto in general. But I do like my bins being collected, and my roads without holes in them - it kind of requires some kind of central governing for this to happen.
It'll take another 10-20 years or so, until we likely have sound evidence, whether the conclusion drawn from modern monetary theory - that forever growing national debt is not in itself a problem - is reasonable or not.
Either we'll see that there's no problematic level of inflation or we'll see that there is too much inflation causing instability.
If somehow the evidence suggests that growing national debt is indeed a fundamental problem, then maybe some governments will be forced (by voters' will or by peer pressure) to ...
> ... settle for a currency that's out of their control ...
... because it'd remove the ever present temptation for politicians to promise short term gifts to voters that are paid for by devaluation of the currency and by shifting payback into the future.
I'm not really for or against crypto in general. But I do like my bins being collected, and my roads without holes in them - it kind of requires some kind of central governing for this to happen.