Oh wait, folks are doing this already with their token currency, it’s not clem tokens, it’s junky, sorry no my mistake, investment grade corporate bonds etc. Click, click, click, mumble, swear, click and voila you can now buy clem coin for the $1 stablecoin from Coinbase, USDc. Click, click, done. If you have currency, in the old fashioned meaning of it, which is relevance, integrity and intrinsic value, your actual currency also has value. According to NMT (new monetary theory) an entity with its own accepted currency, a currency with currency, simply can’t go bust, it can only debase its currency and hence dilute its debt until it reaches an equilibrium point.

Source: Forbes October 10, 2020 17:57 UTC