I think you know the answer… It would make them all go up. All goods, all services, all assets. To the extent we don’t have a dependable money, many goods and assets would have a monetary premium. I.e. goods hoarding and asset price ‘inflation’. That’s not efficient in the long term (think waste and perishability of goods; unlived-in houses, un-used cars/boats as an example for assets). Add the ‘confiscatability’ element to assets in particular (direct or through tax) – and the search is on for a better way to capture that monetary premium. A sound money.
You are on a Bitcoin sub. We believe the answer is Bitcoin based on our interactions with the protocol. Its robustness as an unconfiscatable asset that can be fully owned without encumbrance (I.e. by holding the cryptographic ‘keys’ yourself) is truly awe-inspiring.
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