Oddbean new post about | logout
 Under the current system way too much goes to the people whose only contribution is moving/managing money.  Under a sound money standard like bitcoin, more people will be incentivized to actually produce goods and services, specialize in a skill and be rewarded for doing so.  Bitcoin as a currency is a long process, but I think there will be a day when the government will not be able to acquire stuff for a money that can be created just by the federal reserve pushing a button.

We'll know when we get there, but my eggs are in the bitcoin basket. 
 I just think it’s kind of funny that a pacifist technology is the hope of the angry young men. Could governments have scripted it better themselves? 
 If the government can just push a button, why raise taxes or take up debt. 
 If you want an answer to that question look up the interview between Tucker Carlson and President Bukele.  Bukele explains it well.