No. of Recommendations: 2
The debt and deficit need to be addressed. It's possible the party could continue for a long time, but the longer it goes on, the greater the risk grows that certain shock events could lead to loss of faith in the US dollar and an exodus, and the consequences of that are too dire to ignore. I don't think that's a fire we as a country want to be playing with.
Consider the black swan. In this case two black swans:
First - The world is entering a period of massive productivity gains. Like nothing we've ever seen before. The masses will be placated with cheap consumer products, fast food and free lottery tickets. Free love and nickel beer for all.
Second - The government is being separated from the money supply. You can't spend what you don't have and can't print. In the last year, Bitcoin has seen a dramatic shift in regulatory certainty and institutional adoption. (See ETFs, Hong Kong, Argentina, Larry Fink, Trump/Kennedy etc.) BTC is the cure for inflation and overspending. It's happening all over the world.
Maybe the future will be bright after all.
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Would it be too presumptuous of me to thank hclasvegas for his lonely rec in advance? Thx hc. You're the only one that gets me.
