It would still have to be paper money. If you close the federal reserve and want to switch to money with intrinsic value, the government will have to purchase a lot of real goods in order to replace the current circulation. That would be a lot of government spending.
It would be literally easier for the government to switch to bitcoin than to pull that off.
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bikergang_accountant ago
It would still have to be paper money. If you close the federal reserve and want to switch to money with intrinsic value, the government will have to purchase a lot of real goods in order to replace the current circulation. That would be a lot of government spending.
It would be literally easier for the government to switch to bitcoin than to pull that off.
But still end the fed.