Elon Musk is right when he points out that the moment we succeed in credibly reorganizing the national budget, capital will flow back to America and the bond market will become stable. The national debt problem will then shift exclusively to those who, out of ideological stupidity or political incompetence, are preventing any reform work. Should the Americans actually prove that fiscal reorganization is possible, even at the cost of social pain, then the rest of us will have to be grateful to them in times when the state continues to expand its activities and trample on our individual rights through excessive burdens and bureaucracy.

The fact is that once a functionary understands that he will not meet with resistance, he will systematically expand his activities. It also represents the basic principle of social organizations, which grow until they reach their limits. If we as citizens do not point out these limits, we have to hope for external forces.

#elon #doge #debtcrisis #bonds #economy #bitcoin #nostr #plebchain

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All well and good until they lose their majorities in the midterms like they are prone to do... then it'll be back to business as usual..#zelinski will be back in the money. #corruption #usa

This would be a disaster. But UK/ EU won't survive two years without debt crisis if the US follow the new path

And this is why an eagerness to comply with regulations only leads to abuse. Even is the motivation behind those regulations was to be helpful, when people let their rights get trampled on they shouldn't be surprised when the bureaucrats and functionaries take that as permission to keep doing so.