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The political corruption of Money is the cause of our current problems.
1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.
Social spending acts as a supply-side subsidy for labor, a worker CAN'T sell their labor for less than subsistence, but what happens if we give them food stamps, subsided housing, Medicaid? Well now they can sell their labor for less than it costs to produce!
But wait! How were those social programs paid for? Deficit spending? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets), a HUGE and on going parasitic transfer of resources from income earners to oligarchs, THIS is the driving force of the wage/productivity divergence seen since the 60s.
Notice that the fiat grift also suppress incomes of white collar workers by tricking them into believing the nominal gains on house value is wealth instead of inflation, why mechanical engineers get paid so poorly, $60k seems like a lot if you bought 30 or 40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the floor.
Even immigration, seen as a driver of wage stagnation, is merely a justification for further debasement, or do you think the goblins come here for our magic clay and not our social welfare spending?
There are no political solutions, and not in the poltard "violence is the answer" as violence is of course wholly political, there are no political solutions because politics is a memetic parasite that never fixes anything. There are only technical and economic solutions, and BTC is just that, a technical fix for the political corruption of Money.
