Ultimately, no, they can't. If they could Nigeria's eNaira would have stabilized that country's finances. It hasn't.
If they could China wouldn't have a money velocity of over 7 for the eCNY they have in circulation: people do not want to hold the eCNY, and that is a guarantee of future inflation.
Ultimately, no, they can't. If they could Nigeria's eNaira would have stabilized that country's finances. It hasn't.
If they could China wouldn't have a money velocity of over 7 for the eCNY they have in circulation: people do not want to hold the eCNY, and that is a guarantee of future inflation.
Without a stable currency universal basic income cannot be implemented. There's no way to get ahead of the inflation that would cause.
I will defer to your impressive economic expertise on this, but also reserve the right not to be surprised if the bastards still find the “means” upon which to accomplish this.
Ultimately, no, they can't. If they could Nigeria's eNaira would have stabilized that country's finances. It hasn't.
If they could China wouldn't have a money velocity of over 7 for the eCNY they have in circulation: people do not want to hold the eCNY, and that is a guarantee of future inflation.
Without a stable currency universal basic income cannot be implemented. There's no way to get ahead of the inflation that would cause.
I will defer to your impressive economic expertise on this, but also reserve the right not to be surprised if the bastards still find the “means” upon which to accomplish this.
Let's be clear: I'm not saying they aren't stupid enough to try it. I'm saying they aren't smart enough to make it work.
Tomorrow's article delves into some of this a bit more vis a vis China and the eCNY.
Seems kinda weird this is even a serious topic. A sign of our intriguing times.