This came up in conversation between my mom and I talking about Euros and how cool that is to me (Canadian). I then wondered why we can’t just have that everywhere and all she could say was “it wouldn’t work, what about less profitable countries” and I said “they’d just make/have less?” She did not like that answer and I really wanna know the real reason on why that wouldn’t work bc in my mind since we made up money why can’t we just make up how new money works???
Please explain like a teacher explaining why a kid can’t share 3 m&ms with 28 people
In: Economics
Completely subjectively, this is a problem crypto aims to solve. BTC is just that and not tied to any one country. It has its other issues, but it’s essentially a global currency. Now as others have described, countries are acting in their own best interest to control their economy. Kind of a situation where you’ll never get rid of either
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