Rep. Matt Gaetz (R-Fla.) introduced a bill Tuesday that would allow Americans to pay their federal income tax in bitcoin. Gaetz said the radical move would “promote innovation, increase efficiency,…
The US dollar is never worth less nor more than than 1 US Dollar. If you owe a debt in USD, the size of that debt does not change based on the purchasing power of the dollar.
Yes but that dollar buys less stuff. And that 1 dollar represents 1/total supply, and total supply increases. It’s literally worth less even if it is still “one dollar”.
The US dollar is never worth less nor more than than 1 US Dollar. If you owe a debt in USD, the size of that debt does not change based on the purchasing power of the dollar.
Yes but that dollar buys less stuff. And that 1 dollar represents 1/total supply, and total supply increases. It’s literally worth less even if it is still “one dollar”.
Yes, but your debt was also worth less.
Yes agreed
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