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plungesponge · 41-45, M
The truth is you can't have a democracy for very long if you use a fiat currency.
Because whoever gets voted in has a magic wand where they can create endless amounts of money, and all it costs the country is the promise that the unborn will pay it pack, a deal with the devil the average voter is happy to take.
And once one entity figures out they can print endless power, they start buying and dismantling the checks and balances. America's official doom spiral became public when the US Comptroller quit and started publicly touring to tell the country how indebted the country was. He tried for decades. It hasn't worked.
Because whoever gets voted in has a magic wand where they can create endless amounts of money, and all it costs the country is the promise that the unborn will pay it pack, a deal with the devil the average voter is happy to take.
And once one entity figures out they can print endless power, they start buying and dismantling the checks and balances. America's official doom spiral became public when the US Comptroller quit and started publicly touring to tell the country how indebted the country was. He tried for decades. It hasn't worked.