Dan on Nostr: IF President Trump does his Economic job with the success he would want, he would ...
IF President Trump does his Economic job with the success he would want, he would have:
1. Hard, backed, Constitutional money.
2. A balanced budget about 70 % smaller than current.
3. Zero inflation.
4. No federal reserve banks left.
5. Ending the Federal Income Tax.
What would all this do for Bitcoin ? It would slow its adoption a little bit, in good ways. Why do I think that would be good ? Slow and steady movement always does less economic damage to individuals in the long run. I really think the "great financial reset" is actually occurring now, only in slow motion. We must remember that in macro economics people just don't throw switches that turn events off and on. Most things move slowly. And moving slowly hurts less people when huge macro economic changes are being made.
I think in about 7 months we will get a Congressional vote on the Bitcoin Stategic reserve. Even if that vote fails, we still win.
1. Hard, backed, Constitutional money.
2. A balanced budget about 70 % smaller than current.
3. Zero inflation.
4. No federal reserve banks left.
5. Ending the Federal Income Tax.
What would all this do for Bitcoin ? It would slow its adoption a little bit, in good ways. Why do I think that would be good ? Slow and steady movement always does less economic damage to individuals in the long run. I really think the "great financial reset" is actually occurring now, only in slow motion. We must remember that in macro economics people just don't throw switches that turn events off and on. Most things move slowly. And moving slowly hurts less people when huge macro economic changes are being made.
I think in about 7 months we will get a Congressional vote on the Bitcoin Stategic reserve. Even if that vote fails, we still win.