The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.
Now you can pay your McMansion with McDollars and help bring about the next subprime mortgage crisis.
One of the actual valid reasons for a government is the regulation of a standard currency established via political policy and regulated by the rule of law.
Wildcat currencies only harm the most vulnerable and benefit the most wealthy.
“One of the actual valid reasons for a government is the regulation of a standard currency established via political policy and regulated by the rule of law”.
Said the libertarian
Do you not see the contradiction of your political beliefs?
Anarcho-capitalism is not an actual political ideology. It is a contradiction of two ideologies.
Odd that you think that a standard medium of exchange in a resource bound economy is a libertarian idea given that it predates capitalism and liberalism by more than a millennium.
It is far worse. Like the end of the dollar having any value sort of economic destruction.
A cryptocurrency wet dream idea to make dollars worth zero and fuck everyone not in the ownership class…
I mean that’s pretty much the entire current plan of this administration
How is that different from using dollars?
Capitalists are already doing this with dollars and other forms of currency. Crypto is just one more scam just like money.
One of the actual valid reasons for a government is the regulation of a standard currency established via political policy and regulated by the rule of law.
Wildcat currencies only harm the most vulnerable and benefit the most wealthy.
Yep, cryptocurrencies are no more worthwhile than scrip, in-game tokens or Monopoly money.
unregulated currency is an unlabled casino
“One of the actual valid reasons for a government is the regulation of a standard currency established via political policy and regulated by the rule of law”.
Said the libertarian
Do you not see the contradiction of your political beliefs?
Anarcho-capitalism is not an actual political ideology. It is a contradiction of two ideologies.
AYN RAND WAS A FRAUD.
That implies she was deliberately deceptive. She was a crank, who believed her own bullshit, until it became inconvenient to do so.
And, despite libertarians’ efforts to hijack it, state-managed currency has bugger-all to do with their defective, half-baked theories.
Library-socialist actually.
Odd that you think that a standard medium of exchange in a resource bound economy is a libertarian idea given that it predates capitalism and liberalism by more than a millennium.