> Interestingly, when I lay it all out like that and add it up, the US monetary policy looks like a big business's bureaucratic system, the kind that'd be ripe for disruption by a startup. Of course, it's not quite so simple when we're talking nation-states and not Silicon Valley ventures
That’s because governments have the privilege of establishing itself as a monopoly. They control the rules of the marketplace via regulations.
That’s because governments have the privilege of establishing itself as a monopoly. They control the rules of the marketplace via regulations.