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Governments often use crises as a chance to ramp up spending. But what if #Bitcoin was in charge? Would real crises look different? Is questioning this being anti-BTC? 🤔 #GovernmentSpending #CrisisManagement #[0]

Sound Money 1y ago

The fact that when there is a crisis governments can increase spending almost without opposition encourages crises to "appear." In my opinion, if #Bitcoin was in charge, governments would not continually go into debt, so when a REAL crisis arose they would have the ability to go into debt AND PAY THE DEBT.

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Discussion

WBTM 1y ago

What you are saying is that we should not focus on the crisis that governments are solving due to the flexibility o printing money, because we would not have those crises in the first place?

Sound Money 1y ago

Yes, I am saying that many of those crises would not exist.

And I add that governments rarely solve crises. And much less thanks to the flexibility to print money, because in this case what they solve on the one hand they ruin on the other by causing economic cycles

WBTM 1y ago

Indeed!