If the government created and issued a government-backed crypto currency to all citizens (or just low income people), and ordered all businesses that are able to accept it do so, explain in comments how that would play out? Good or bad? #cryptocurrency #coronavirus
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No. It causes inflation potentially but does not increase the national debt. Issuing govt bonds is how they do that. Remember when they wanted to mint a platinum coin to get around the debt ceiling. Same thing
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Press is talking about it like it is increasing debt. Didn't realize it was just a printing question. Given that, why would crypto increase inflation any more than Bitcoin did?
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