Would having traceable money in a distributed ledger help us keep track of money collected from taxpayers?
Obviously, the volatility of most cryptocurrencies would be disadvantageous for purposes of transferring and accounting for government spending. Isn't there a way to peg a cryptocurrency to the USD; even with Quantitative Easing? How is Quantitative Easing different from just deciding to print trillions more 'coins' in order to counter debt or inflation or deflation; why is the government in debt at all?
Say I have $100 in my Social Security Fund (in very non-aggressive investments which need to meet or exceed inflation) and the total supply of money (including paper notes and numbers in debit and credit columns of various public and private databases) the total supply of money is $1T with $1T in debt; if 1T is printed to pay for that debt, is my $100 in retirement savings then worth $50? Or is it more complex than that?
We already now have https://usaspending.gov ( https://beta.usaspending.gov ) and expenditure line item metadata.
Would having traceable money in a distributed ledger help us keep track of money collected from taxpayers?
Obviously, the volatility of most cryptocurrencies would be disadvantageous for purposes of transferring and accounting for government spending. Isn't there a way to peg a cryptocurrency to the USD; even with Quantitative Easing? How is Quantitative Easing different from just deciding to print trillions more 'coins' in order to counter debt or inflation or deflation; why is the government in debt at all?