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A mildly interesting list of proposed amendments that didn't pass (lemmy.world)

submitted 2 months ago by The_Picard_Maneuver to c/justpost

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I saw this circulating around and thought it was an interesting read.

Some of these are horrendous, some are funny, and a few made me think "Hmm, maybe not a bad idea"

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[–] Dasus 2 points 2 months ago (1 children)

I think you know "restricting national money supply to like 1$" isn't realistic in any sense.

Economics have to work in practice, it's not just pure math.

There would need to be an economy, so the minimum amount of money for that economy to work would obviously be more than 1$.

Even during the great depression the US GDP was hundreds of billions.

[–] [email protected] 2 points 2 months ago (1 children)

You could always just make something below cents and make 1 cent = 1 billion of that thing. So $1 would be equivalent to like 10 billion dollars. Granted, somehow you'd have to invalidate existing currency and push that type of policy in a political environment that is able to pass a constitutional amendment to prevent wealth accumulation. So, it couldn't possibly be that extreme.

[–] Dasus 2 points 2 months ago

Like you say, you'd need to completely rehaul the entire existing currency.

I think you know that's not reasonable.