"Strong currencies are not the solution to poor governance."
Yes they are.
It's really upside down that you'd point out that 'governments can just print money to pay people!' as somehow being an advantage of good governance.
Well, partly, but it depends on a high degree of integrity, if absent, will entail total dissolution.
In absence of a government with integrity, then a 'strong currency' such as one that the government has no control over, say a Caribbean Island that uses USD for example, is preferable to anything else.
"Good governance and democracy makes a country and its currency strong. Not vice versa. "
First - democracy has nothing to do with it.
Second - 'good governance' is the opposite of printing money to pay bills.
In an unstable economy, USDs or Euros are preferable to worthless paper or Bitcons.
Yes they are.
It's really upside down that you'd point out that 'governments can just print money to pay people!' as somehow being an advantage of good governance.
Well, partly, but it depends on a high degree of integrity, if absent, will entail total dissolution.
In absence of a government with integrity, then a 'strong currency' such as one that the government has no control over, say a Caribbean Island that uses USD for example, is preferable to anything else.
"Good governance and democracy makes a country and its currency strong. Not vice versa. "
First - democracy has nothing to do with it.
Second - 'good governance' is the opposite of printing money to pay bills.
In an unstable economy, USDs or Euros are preferable to worthless paper or Bitcons.