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delabay | 4 months ago

Stablecoins offer a relentless price insensitive buyer of US debt. This is good for America, good for democracy, and good for property rights globally.

However, stablecoins WILL cause unrest in Nigeria, Venezuela, Lebanon, and Turkey as their corrupt local currency completely erodes and the ruling class can no longer extract from their citizens.

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vlovich123|4 months ago

That sounds like a perpetual motion machine that the US can get addicted to and then come apart once stable coins suddenly become price sensitive.

delabay|4 months ago

Or, an alternative, and hear me out, maybe this could also be called "an economy"