Why would you prefer to make everyone poorer slower?
Making everyone poorer faster would make the transition away from fraudulent money occur faster. I’d prefer my kids to grow up under a Bitcoin standard instead of my grandkids.
Also, Bitcoiners would be (relatively) unaffected. And all debts would effectively be paid off.
Wishful thinking if you ask me.
The elites won't support any agenda which makes their broken system obvious to anyone.
It will be slow and painful like the literal frog in the heated water...
That’s correct.
I just don’t understand why everyone piles on people who say that we should do UBI. Most regular people are trapped under a mountain of debt and stuck in a debasing currency where the banks get bailouts, the military gets blank checks, and they barely get food stamps.
I know UBI is horrible economically, but I like it in the interest of fairness and with the goal of accelerating the transition to a system of sound money. And at least in theory, it would accomplish both.
But if you’re against all deficit spending and want to be against UBI too, that’s 100% valid. Just understand that centralized, corrupt spending of money usually funds wars, surveillance, and propaganda, while individual people usually purchase food, housing, and energy.
The key to effective UBI is the source of funding. If the government prints fiat to fund it, that is not tenable. If funding comes from corporate displaced labor regulatory funding, it’s a win. Also, qualifications for benefits is important, if you aren’t working at something, sit home, beg or starve.
