If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
-Thomas Jefferson
Why do you say that social media is a free ecosystem? It is not “free” you just don’t pay with money and they all sell your data. The big corporate attached to these social platforms are the true Internet trolls! There are definitely a lot of complexities when it comes to banking and these tech companies taking over. This would obviously create disturbances with privacy issues, in which Americans value privacy heavily. Also, it would promote monopolies in many facets. This destroys the idea of fair markets and competitive, capitalistic ideology. We are truly unsure about this without getting into more depth but all in all, we believe that would be a horrible move for the tech companies and we also believe it would be a horrible move for citizens. Internationally, this could be effective.
