Honey ₿adger ⚡ on Nostr: The combination of democracy and fractional reserve banking incentivizes governments ...
The combination of democracy and fractional reserve banking incentivizes governments to pursue short-term goals, overspend and incur debt, defer problems to future politicians in power, make more and more people dependent on the state, and ultimately make policy for the ever-increasing proportion of (financially) dependent people in society, transforming the country from a success rewarding society (capitalism) into a wealth-distributing, no-longer-value-creating society (socialism).
Opt out, buy #Bitcoin
Published at
2023-03-29 16:53:54Event JSON
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"content": "The combination of democracy and fractional reserve banking incentivizes governments to pursue short-term goals, overspend and incur debt, defer problems to future politicians in power, make more and more people dependent on the state, and ultimately make policy for the ever-increasing proportion of (financially) dependent people in society, transforming the country from a success rewarding society (capitalism) into a wealth-distributing, no-longer-value-creating society (socialism).\n\nOpt out, buy #Bitcoin",
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