{"id":93602,"date":"2019-07-14T08:41:51","date_gmt":"2019-07-14T15:41:51","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/?p=93602"},"modified":"2019-07-14T10:56:12","modified_gmt":"2019-07-14T17:56:12","slug":"does-decentralized-currency-thwart-crisis-intervention","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2019\/07\/does-decentralized-currency-thwart-crisis-intervention","title":{"rendered":"Does decentralized currency thwart crisis intervention?"},"content":{"rendered":"\n<p>Here is another economics\/policy question that I was asked to address at Quora. It provides great fodder for a quick Lifeboat economics review.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>The US used quantitative easing to deal with one monetary crisis, and a bailout of the automotive and banking industry to deal with another. If nations, economies or individuals begin to embrace a decentralized currency, they will inevitably shift away from government issued money. Won\u2019t this hinder a nation\u2019s ability to intervene in a crisis?<\/strong><\/p><\/blockquote>\n\n\n\n<p> Answering this question goes to the very heart of the ethics and politics of cryptocurrency. <\/p>\n\n\n\n<p>Yes. Without centralized control over monetary policy, government options for intervention in a money crisis would be severely limited. But this fact may lead to a false impression\u2026<\/p><div class=\"more-link-wrapper\"> <a class=\"more-link\" href=\"https:\/\/lifeboat.com\/blog\/2019\/07\/does-decentralized-currency-thwart-crisis-intervention\">Continue reading \u201cDoes decentralized currency thwart crisis intervention?\u201d | &gt;<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Here is another economics\/policy question that I was asked to address at Quora. It provides great fodder for a quick Lifeboat economics review. The US used quantitative easing to deal with one monetary crisis, and a bailout of the automotive and banking industry to deal with another. If nations, economies or individuals begin to embrace [\u2026]<\/p>\n","protected":false},"author":353,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,1761,39],"tags":[2161,3430,3432,2487,2320,3431,3428,2850,3429],"class_list":["post-93602","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrencies","category-economics","tag-bitcoin","tag-deficit","tag-government-intervention","tag-inflation","tag-monetary-policy","tag-national-debt","tag-quantitative-easing","tag-reserve-currency","tag-reserve-status"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/353"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=93602"}],"version-history":[{"count":6,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93602\/revisions"}],"predecessor-version":[{"id":93616,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93602\/revisions\/93616"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=93602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=93602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=93602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}