Corinne Nita
1 min readOct 25, 2021

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No, I'm not suggesting we trust the government, but Bitcoin isn't trustworthy either. Sure, if you closesly watch Bitcoin you can make money, but it's very volatile and always will be. There isn't anything stabilizing it. Its value derives from recruiting more buyers into the market, and unlike stocks, it's not based on any capital, but that doesn't mean I support the stock market.

What would have happened had the central bank and government not provided unemployment to people and provide any funds to anyone? During the pandemic, the US reduced poverty. I didn't believe it, but look up the stats because it's true. Also, the USD's position as the global reserve currency increased during the pandemic.

We use money as an item to exchange value. Money itself isn't valuable. As long as there is value to buy, we can increase the supply of money. Hyperinflation occurs when there's not any value to purchase, and the US is far from there.

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Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

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