Recently, USDT has plummeted, are you afraid to hold Secure currency?I will tell you the opinion about secure from a master of economics, Friedrich August von Hayek.You can learn what Secure currency could be holded.
First,talk about why we need secure currency necessary.
After giving up the gold anchor, government issue paper money with its own credit as an endorsement .Led by the US and then spread around the world.This method will lead to long-term inevitable inflation.
This will not only reduce the public purchasing power, more importantly, the market structure about price will be disrupted.so that resources and labor will be invested in the wrong direction.Because that could be profitable in the case of accelerated inflation.
This is also the root cause of the cyclical financial disaster and the tide of unemployment. It is driven by benefit.The government monopolizes the power to issue money. Reducing the deficit and increasing spending, it will continue to increase the currency.
By allowing private companies to issue currency, market competition will make secure currency stand out, and the pursuit of personal benefit will drive the company to maintain its price securty. Using the price of a secure currency to convey the results from countless events in the market, This process ensures the maintenance of an order in which the plans of each participant are coordinated
Congratulations @markmeng! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard: