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0 sats \ 36 replies \ @Solomonsatoshi 26 Sep \ parent \ on: Our Economy Has Never Needed an "Elastic" Currency econ
What government?
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What governments?
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The wealth and security of nations and their citizens (including the insane) is in large part determined by the quality of their governments...
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Free enterprise business needs the security of government provided law and order and property rights in order to thrive.
There has never been sustained prosperity and wealth in the absence of good government.
Bitcoin is a form of government with laws and enforcement of them- but limited to the custody and movement of its digital tokens and blockchain.
It is a revolutionary model of how monetary, and potentially, broader governance can/could be managed by algorithm but does not solve most of the problems real world governments face.
Such as how to deal with the insane and deluded. How to educate citizens. How to defend your citizens and resources from hostile external entities. How to maximise utilisation of resources.
Your blind faith in market forces is misplaced and naive.
Your dislike of governments is equally misplaced.
Market forces fail in multiple scenarios.
What is needed is a careful balance of government oversight and within that framework free markets to the extent they do not become rentseeking cartels, monopolies or mafia.
It is hard to grasp the truth as it is nuanced and requires experience, discretion and skill to see.
If you cannot see it still go live somewhere without government and learn.
But you won't because you are all talk, and no walk.
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Wrong- you did the work and earned the money within the security and rule of law provided by the state.
Pay up, or go with haste to a lawless anarchic island/forest/enclave where you can fend for yourself.
Good luck with that, you spoilt child.
We know you will not do that because by living in the USA you enjoy the huge and extraordinary privilege of the US global fiat monetary hegemony via USD and SWIFT.
Your bloated sense of entitlement is blinding you to the reality that the quality of government is the largest single determinant of the wealth and security of nations and their citizens.
Without it most people would be fucked and would clamour with urgency to reinstate it.