If the gov't finds some issue with Paypal and takes action to shut down the business. (I know this is an extreme example but let's just take that as an assumption.)
Don't you think there will be another corporation that will pop up that does the same thing except adjusting their policies to follow the gov't? I am assuming we are talking about US here.
Don't you think there will be another corporation that will pop up that does the same thing except adjusting their policies to follow the gov't? I am assuming we are talking about US here.
No, because who wants to start a corporation in a country where the money is worthless, and the government can take your assets?
That is a fair point. Zimbabwe is a good example. But that being said, USD is far more stable than that. I assume you are talking about inflation and lack of trust for central banks. In my humble opinion, for the US case, the central bank is doing the right think in quantitative easing. They will print money until the economy comes back and stop very quickly. They are not going to print forever, so the end result is that they are maintaining stability. Trying to call US, Zimbabwe is incorrect here.
