this post was submitted on 18 Jun 2023
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Even better ๐ดโโ ๏ธ๐
If anyone can just produce money like the Venezuelan government the currency would also be just as worthless as the Bolivar. Well not really, the coins would at least have exactly the value of the metal inside it, which is better than the Bolivar.
At that point you would just have the good ol' monetary system where each coin is worth exactly the silver/gold it weighs with all the associated drawbacks.
Absolutely aware of that. Still couldnโt resist to make a bad dad joke :D