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Former Coinbase CTO Proposes Replacing Fed's Interest Rate Setting Authority with Market Order Book
On January 26th, Coinbase CEO Brian Armstrong wrote on the X platform that the main reason for inflation is the overissue of money. If the United States stops printing money (i.e. achieving a balanced or surplus budget), interest rates can be lowered and economic growth can be reactivated. He said that interest rates are only a crude means to alleviate the underlying problem. Former Coinbase CTO Balaji responded by saying that it is possible to completely transfer the power to set interest rates...
2025-01-25 23:44:01
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