Reminds me of a statement once made by Thomas Jefferson - 3rd president of United States.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
I never grasp how government does not understand the most basic principle of, when you allow the citizenry to thrive, the country prospers. Despite the various angles I look to understand how the bureaucracies don’t or won’t acknowledge this, I come back to the same conclusion - they are so ensconced in a bubble that they truly believe they know best, and they can do this because they are detached from real people living real lives.
I’m still grappling with understanding bitcoin, but your article explains it in the best way I’ve read yet, Tyler.
Absolutely it would Jade. Further to that I was very proud of the Bitcoin policy The Libertarians took to the federal election this year. It’s a shame it didn’t hit the mark.
Reminds me of a statement once made by Thomas Jefferson - 3rd president of United States.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
(Thomas Jefferson) 1802.
I never grasp how government does not understand the most basic principle of, when you allow the citizenry to thrive, the country prospers. Despite the various angles I look to understand how the bureaucracies don’t or won’t acknowledge this, I come back to the same conclusion - they are so ensconced in a bubble that they truly believe they know best, and they can do this because they are detached from real people living real lives.
I’m still grappling with understanding bitcoin, but your article explains it in the best way I’ve read yet, Tyler.
Well explained Tyler . Definitely food for thought .
Great article Tyler. Solid arguments clearly stated.
I am glad you found some value in the piece Jade and I agree that the industry has moved far beyond the initial ideals of the cypherpunks.
Absolutely it would Jade. Further to that I was very proud of the Bitcoin policy The Libertarians took to the federal election this year. It’s a shame it didn’t hit the mark.
https://www.libertarians.org.au/bitcoin