When governments lose control of the currency, the ability to spend at a deficit, they will be curtailed. Enforcement costs money. If they haven't the cash, they will need to prioritize what they can afford to enforce.
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When governments lose control of the currency, the ability to spend at a deficit, they will be curtailed. Enforcement costs money. If they haven't the cash, they will need to prioritize what they can afford to enforce.
Posted Using LeoFinance
Very true.
Governments also face an issue with privacy transactions and other technologies that will be beyond their ability to monitor. After all, much of the digital world will be outside their boundaries.
Posted Using LeoFinance