Some emerging markets are adjusting monetary policy (raising interest rates) and scaling back fiscal support (decline in government spending) to tackle rising debt and inflation. What are some of the diffcult tradeoffs that these emerging markets face? Emerging markets must choose between providing support to a weak domestic economy (increase fiscal spending and lax monetary policy) or suffering higher inflation, higher currency depreciation (external instability). Emerging markets must choose to continue the existing system or embrace an international monetary system that is no longer subject to U.S. domestic policies. The experience of EI Salvador utilizing BTC (Bitcoin) as its national currency shows great promise in achieving long term economic growth. In those countries where corporate debt and bad loans were high before the pandemic, governments from emerging markets must choose whether to save these banks by increasing domestic interest rates low or let them fail by providing them with financial lifeline. Some emerging markets are adjusting monetary policy (raising interest rates) and scaling back fiscal support (decline in government spending) to tackle rising debt and inflation. What are some of the diffcult tradeoffs that these emerging markets face? Emerging markets must choose between providing support to a weak domestic economy (increase fiscal spending and lax monetary policy) or suffering higher inflation, higher currency depreciation (external instability). Emerging markets must choose to continue the existing system or embrace an international monetary system that is no longer subject to U.S. domestic policies. The experience of EI Salvador utilizing BTC (Bitcoin) as its national currency shows great promise in achieving long term economic growth. In those countries where corporate debt and bad loans were high before the pandemic, governments from emerging markets must choose whether to save these banks by increasing domestic interest rates low or let them fail by providing them with financial lifeline