--

Well Trump wants to make crypto the global reserve currency. But that only allows everyone to make their own worthless money and will bring down the system even faster. When the other countries stop subsidizing our debt, it will be lights out. "Full faith and credit" will be a thing of the past. Just increasing reserve requirements closer to 90% in hard currencies and gold will work at that point.

--

--

Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

Responses (1)