This is an opinion editorial by Bruce Fenton, a US Senate candidate and founder and CEO of Chainstone labs.
This is money. The money is broken. Politicians broke.
This fact pretty much sums up what is wrong with our world today: inflation, war, the failed drug war, and violence – all the result of bad monetary policy. Even obesity can extend to bad money and the corrupt incentives it causes, such as corn syrup subsidies. To fix America and the world, we have to fix the money.
To finance WWII, our government sent war heroes to American cities to sell war bonds to citizens. They would have to file a lawsuit for the use of war and citizen money. Even facing the Nazis, the government still had to file a lawsuit. They had responsibilities. Today, that responsibility has been removed.
In 1971 the US surpassed the gold standard and the modern fiat was born. Unlike the days of WWII, the government no longer needs to sell you out. They don’t need accountability. They have a magic money printer. He says they can print as much money as that coin shop, war, dudes or whatever they choose. Responsibility is gone.
This modern fiat system is unsustainable and not only hurts the finances of the citizens, but also causes great evil in the world. I would actually go so far as to say that fiat is bad. Fiat is indeed the ultimate force for evil in our world. War, death, destruction, and many of the evils of our world would not exist on this scale if we eliminated the tyrants’ ability to mint money out of the air. If we starve the government beast by cutting its funds, we end up with more peace. Bitcoin offers an alternative.
In a world of solid money where you control your own wealth, politicians would have to sue to get your money, not print out of nothing. It would be a very different world if politicians had to sell you off in for-profit prisons, the war on drugs, or bombs with drones, as in WWII. Lack of responsibility leads not only to bad economy, but also to evil.
America’s greatest strength has been its freedom and the protection of the rights of citizens enshrined in our highest land law. Our constitution says we have the right to free speech, and our courts have said that the code is speech: Bernstein – Department of Justice – it’s a great foundation for Bitcoin.
Ideally, this solid foundation of freedom would help America serve as a model for the world. This ideal model is not one in which the government adopts and adopts Bitcoin and owns official wallets. A world where the government ignores Bitcoin and the worlds of money and politics are separated from each other, just as Church and State once parted their ways.
There are those who have very different opinions. There are those who see money as a tool to control people. Central bank digital currencies (CBDCs) and other means of control and regulation should be completely rejected. That’s why I decided to run for office. Our world is facing real evil and we must fight for freedom and human rights. I believe hard money can do more for good and peace while in office, but I also think it’s crucial to have more voices for freedom in Washington. I was excited to meet so many people on the campaign trail and talk about freedom, liberty, and a solid economy. It’s also nice to be known as a Bitcoiner and I get asked questions about Bitcoin every day. It’s not just a tech hobby, it can be a foundation for a freer world.
The foundations of America and Bitcoin are based on both freedom and voluntary interaction. Embracing freedom technology to advance our national strength and independence by breaking out of the broken fiat system is a natural fit for America—especially American citizens. If we fix the money, we fix our nation.
This is a guest post by Bruce Fenton. The opinions expressed are their own and are not their own and BTC Inc. or Bitcoin Magazine.