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by berkes 1466 days ago
By this reasoning, it's irresponsible for a leader of a country that is not the US, to pin its economy on this "funny money" that it cannot print, but that others can.

Which is what El Salvador did untill recently. They still do, but no longer exclusively.
2 comments
kergonath 1466 days ago
> By this reasoning, it's irresponsible for a leader of a country that is not the US, to pin its economy on this "funny money" that it cannot print, but that others can.

Yes, yes indeed. That is a terrible idea. Though there are circumstances when it might not be the most terrible of terrible ideas and the alternative is worse. But no sane country that is not already in dire straits should do that.

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rtpg 1466 days ago
Turns out that having full control of fiscal policy that can be coordinated with other policy decisions is a good idea for a nation!
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