Oddbean new post about login | logout True but if we are just able to replace the base money with #bitcoin, we would at least be able to restrict the government and they would be punished by their own wrong decisions which will eventually reduce their size. Right now they can change the rules of the chessboard whenever they want.
The state could feasibly cut every service except military and remain the same size in terms of its ability to control territory and project force. This could be even easier for them with money that holds its value over time. Over time they will need less and less people to manage production. I don't see the endgame, but it seems possible unless I'm missing something.
You are saying western nations should move in the direction of becoming North Korea. US military has power because US is most free market economy and if you start killing it, you have nothing to feed on. At the core any form of money has value because of productive people.
I'm not making suggestions for the government. If I was it would simply be to fuck off, but since they are unlikely to follow my advice I am working through some possible negative scenarios 🙂 In most cases I get to the end of these exercises having realized I was worried for nothing, but this one still bothers me.