On: France and Germany Agree to Block Facebook's Libra

[jayd16]

I think you're right about the general unrest but frustratingly we see snake oil bubble to the top.

A new gold standard with rent seekers won't save us from stagnant wage growth.

[dmix → jayd16]

I've never heard anyone say anything nice about Libra. Most likely Libra with be DOA, regardless of this move.

I don't even know why so many people are wasting their time on this stuff. Does the German/French gov not have other more pressing issues?

No need to fantasize about the risks of private mega-corp currencies taking on the monetarists even before it has made any realistic challenge to it.