8.16.2019

Here comes Libra

It seems as if most finance ministers around the world feels some discomfort with the new cryptocurrencies.

It is warned about these currencies both left and right. Certainly one should be careful, but I still think that the main reason is not to protect the individual citizen but to protect the state's revenue, AKA taxes. With the new cryptocurrencies, it becomes much more difficult (almost impossible) for the state to control the various cash flows.

A politician's way of exercising "management thru fear".

-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

To keep their sanity, they must keep the lie alive

For transparency and my own agenda: I strongly dislike our previous government—the Social Democrats, with the support of the Green Party and...

  • The world's worst secret
    The people, exclusively mothers, that I have talked to about the sadness of the world's most perfect teenager prioritizing friends over ...
  • It's always more fun to trade shares than to pay interest
    We have chosen to have a variable interest rate on our mortgage. This interest rate is renegotiated every three months based on how the Cent...
  • Money for nothing
    The best month of the year is finally here, January. Not only due to my birthday, more importantly the largest dividends of the year. Ja...