Hamilton

Yesterday SEC Chairman Gary Gensler said that he didn't see any long- term viability of cryptocurrencies. Kudos!!!

Alexander Hamilton the Father of our modern economy said that a centralized government must have a monopoly over currencies, tariffs and treaties for the economic stability of the United States.

Tariff Example. What if States like California or New York that have large shipping container ports were allowed to levy their own state tariffs on imported, foreign goods? That would create economic tensions between states. Private virtual currencies can create other economic havoc. What if Middle Eastern oil revenues became denominated in some virtual currency versus Petro Dollars? I have to believe that China will keep buying US dollars, which will keep the US dollar the World Reserve Currency, in order to keep the cost of China's exports low, and, in turn to keep its people employed. The two economies need each other and neither, my guess, will allow crypto anything to gum up the works. #economy