How Bitcoin Fixes Big Government
-Trader University
https://odysee.com/@TraderUniversity:a/how-bitcoin-fixes-big-government:a?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq
"When government is too big, everything becomes politicized, as people seek to weaponize the government against their enemies or use it as a slush fund for their business.
Under a Bitcoin standard, governments will need to persuade or force you (easier said than done) to give them some Bitcoin to fund their operations.
If the government wants to "print up some more BTC," it will need to mine like everyone else. It won't be able to just print up fiat and steal from savers through a stealth inflation tax.
Bitcoin fixes government overreach by defunding it. If the people decide that something is worth doing it, they will choose to fund it. Bureaucrats won't be able to fund non-economically smart projects (like renewables or forever wars) by diluting savers through money printing.
The size of government and its oversized impact on the economy will shrink. No longer will every fight or quarrel be escalated to the political level, simply because there won't be enough money at the political level to weaponize the US government against your enemies."
Undisciplined /
npub1t4…w4jj5
2023-08-16 14:54:07
Author Public Key
npub1t49ker2fyy2xc5y7qrsfxrp6g8evsxluqmaq09xt7uuhhzsurm3srw4jj5Published at
2023-08-16 14:54:07Event JSON
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"content": "How Bitcoin Fixes Big Government\n-Trader University\n\nhttps://odysee.com/@TraderUniversity:a/how-bitcoin-fixes-big-government:a?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq\n\n\"When government is too big, everything becomes politicized, as people seek to weaponize the government against their enemies or use it as a slush fund for their business.\n\nUnder a Bitcoin standard, governments will need to persuade or force you (easier said than done) to give them some Bitcoin to fund their operations.\n\nIf the government wants to \"print up some more BTC,\" it will need to mine like everyone else. It won't be able to just print up fiat and steal from savers through a stealth inflation tax.\n\nBitcoin fixes government overreach by defunding it. If the people decide that something is worth doing it, they will choose to fund it. Bureaucrats won't be able to fund non-economically smart projects (like renewables or forever wars) by diluting savers through money printing.\n\nThe size of government and its oversized impact on the economy will shrink. No longer will every fight or quarrel be escalated to the political level, simply because there won't be enough money at the political level to weaponize the US government against your enemies.\"",
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