El Salvador is Poised to Sacrifice its People on the Altar of Crypto
joshsidman.substack.com
Gesellians are watching recent developments in El Salvador with a combination of curiosity and horror. Most countries in the world want to achieve greater conrol over their monetary systems so they can adjust their money supplies to suit the needs of their economies. But El Salvador is doing the opposite. They are adopting a highly volatile instrument, the supply of which they have no control over whatsoever, as legal tender. It is hard to imagine how the country's experiment with Bitcoin could possibly end well for the people of El Salvador.
El Salvador is Poised to Sacrifice its People on the Altar of Crypto
El Salvador is Poised to Sacrifice its People…
El Salvador is Poised to Sacrifice its People on the Altar of Crypto
Gesellians are watching recent developments in El Salvador with a combination of curiosity and horror. Most countries in the world want to achieve greater conrol over their monetary systems so they can adjust their money supplies to suit the needs of their economies. But El Salvador is doing the opposite. They are adopting a highly volatile instrument, the supply of which they have no control over whatsoever, as legal tender. It is hard to imagine how the country's experiment with Bitcoin could possibly end well for the people of El Salvador.