Hypothetically if the USA pegged the US dollar to Bitcoin how would economic growth continue. I am a huge Bitcoin proponent but looking at it from this lens puzzles me. Restricting the printing press would, in my opinion, slow economic growth significantly. What would the world look like after this? Are there opposing viewpoints?
Factually not going to happen
why would you even think that the US government will peg the USD to Bitcoin? I think sometimes we overthink what we see Bitcoin as and what we think Bitcoin should be. It should be an alternative to all the craziness with fiat currencies and not to be pegged to it.
From what I can understand is that you base your reasoning on saying that the dollar instead of being unlimited in the printing of banknotes is limited or has a limited number of printing, this would be the death of inflation, I understand that, and if it were So yes, the money in this case the dollar would have an incredible value, because by stopping printing the cash bills it would be limited as BTC, which is limited to 21M of Btc and that is why it is deflationary in nature.
This is what would make fiat money create a great economy, but given the included interest from the government, it will never happen, they will always give the impression of cash, increasing inflation.