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by SilverBirch
1374 days ago
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This isn't a problem though, countries issue their own currencies all the time. The problem is when you need to run a trade deficit, you need to buy more stuff than you sell internationally. It drives down the value of your currency. But crypto doesn't solve that. And borrowing against the national debt to buy risky crypto assets (which is what El Salvador did) makes that problem worse, not better. They will default on this debt. |
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