The scale and speed of the collapse in Afghanistan after twenty years of nation building is a damning indictment of the national security and foreign policy establishment.
A 1.0 percent transactions tax on Bitcoin will not shut down the market. However, it will substantially reduce the volume of transactions, making the currency less attractive to anyone who doesn’t need it for illicit purposes.
With high interest rates, clients become permanent prisoners of the banks, paying successive interest over former interest, and millions in Brazil have already paid many times their initial debt and continue working for the banks.