Why is USD valuable?
Because other people want it.
Why do other people want it?
Because it's valuable.
But you're not wrong about its usability being awful for day-to-day purchases. Though I will say that most disallow a centralized entity from printing however much they feel like for "stimulus" and fucking everyone.
But everyone treating it like a security has effectively already given up on it as a currency. No one stashes USD under their mattress waiting for it to increase in value. Deflation encourages hoarding which decreases utility as a currency. Plus transactions getting more and more difficult as time goes on.
Why is USD valuable?
Because other people want it.
Why do other people want it?
Because it's valuable.
But you're not wrong about its usability being awful for day-to-day purchases. Though I will say that most disallow a centralized entity from printing however much they feel like for "stimulus" and fucking everyone.
But everyone treating it like a security has effectively already given up on it as a currency. No one stashes USD under their mattress waiting for it to increase in value. Deflation encourages hoarding which decreases utility as a currency, along transactions getting more and more difficult as time goes on.
Why is USD valuable?
Because other people want it.
Why do other people want it?
Because it's valuable.
But you're not wrong about its usability being awful for day-to-day purchases. Though I will say that most disallow a centralized entity from printing however much they feel like for "stimulus" and fucking everyone.
But everyone treating it like a security has effectively already given up on it as a currency. No one stashes USD under their mattress waiting for it to increase in value.
Why is USD valuable?
Because other people want it.
Why do other people want it?
Because it's valuable.
But you're not wrong about its usability being awful for day-to-day purchases. Though I will say that most disallow a centralized entity from printing however much they feel like for "stimulus" and fucking everyone.
Why is USD valuable?
Because other people want it.
Why do other people want it?
Because it's valuable.
But you're not wrong about its usability being awful for day-to-day purchases.