A government can run a “permanent primary deficit” if it bans or taxes Bitcoin (BTC), according to researchers at the Federal Reserve Bank of Minneapolis. The Fed researchers ask their readers to imagine an economy “in which the government issues stock and pays a flow of non-negative dividends.” “If a unit of government stock is The post US Can Run Fiscal Deficits Permanently If Government Bans or Taxes Bitcoin, According to New Fed Paper appeared first on The Daily Hodl .
