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Comment by Finnucane | Hacker News Reader

Most of our dollars are digital now, just ledgers in servers. What difference does this make?

Exactly, we print /currency/ like crazy. Take a deeper look at what quantitative easing is if you want to really go down the rabbit hole...

It's actually not a very deep hole. The mechanism is fairly transparent.

this is my question, maybe I'm missing something. I don't see how crypto really addresses the issues of people without bank accounts or physical addresses. as for people who do have bank accounts, why can't the government just work with them to deposit normal cash in their accounts instead of forcing them to implement something new?

I gotta say, I don't really understand the dem strategy right now. the failure to agree on a stimulus package in a timely fashion reflects poorly on both sides, but the democrats are looking especially bad. why can't they just toss out the most controversial parts, pass something, and then come back to the pie in the sky stuff next week?

Because the crocodile tears from Repubs are false and only serve to make Dems feel bad, look weak, and capitulate to a shit sandwich for workers, unemployed and essential personnel and services while Wall Street gets dollar bills like they just time travelled to the wild west with a kissing booth sponsored by Pornhub.

Dems were and are right to push for real direct cash payments (lol fuck off with tax breaks and other wonky voodoo), expanded sick leave and unemployment benefits among other things.

I guess it depends on what you consider 'controversial'. Part of what the Republicans want is essentially a $500 billion blank check for Mnuchin to spend as he pleases without strings attached, similar to the ransom note Hank Paulson tried to get away with in 2008.

Ol’ Moneybags Mnuchin.

I should have been a bit more clear. I'm saying both sides should table their most controversial parts and just pass the subset they appear to agree on. then they can go back to trying to cram student debt forgiveness and the huge blank check for wall street into the same bill.

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