OK... but how does deficit spending work then? If we can't print money, no social security, no military empire, etc etc....

Reply to this note

Please Login to reply.

Discussion

Balance the budget by spending smarter, necessity is the mother of invention.

Yeahhhh that'd be great, don't get me wrong, but I don't see a "balanced budget" happening.

What you're describing would require a bipartisan consensus towards fiscal responsibility unseen this century, and *definitely* not under this administration.

And there's no "necessity" when they have the printing press. Short-term political expediency will always win.

We can agree to disagree, I think bitcoin changes their incentives, and that effect will grow over time.

Fair enough. Anyway big fan of your work, thanks for engaging!