tag:blogger.com,1999:blog-2761684730989137546.post1981203925261809874..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Merics — PBOC says world’s first state-back digital currency ready for launchmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-77011026084338181622020-09-24T15:59:08.641-04:002020-09-24T15:59:08.641-04:00[addendum]
It would be very ironic that Communist...[addendum]<br /><br />It would be very ironic that Communists are more ethical wrt fiat use than the so-called "Christian" US. The shame of it!<br /><br />* to avoid welfare proportional to account balance.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-50997165924568629262020-09-24T14:00:46.529-04:002020-09-24T14:00:46.529-04:00“The Chinese central bank also knows more RMB usag...<i>“The Chinese central bank also knows more RMB usage could lead to the RMB <b>appreciating against the dollar</b> </i> [bold added]<br /><br />I've been saying for years that allowing everyone to use fiat would INCREASE the DEMAND for it.<br /><br /><b><i>and pose a risk for domestic employment.</i> </b><br /><br />Not a problem since I've also said for years that the risk-free debt of a monetary sovereign, including its fiat, should have NEGATIVE* returns and that should DECREASE the DEMAND for it.<br /><br /><i>As nice as launching the first central bank-backed digital currency would be, there are also some good reasons to wait.”</i><br /><br />Not really as I've pointed out.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com