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".

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