Take A Seat In The Lobby
How Broken Money Fuels Misaligned Incentives
When we examine the misalignment of incentives, one glaring reason becomes apparent: the staggering amount spent on lobbying.
A mind-boggling $37 billion is poured into lobbying efforts every year.
If we divide that by the 535 members of Congress, it amounts to over $69 million per congressman dedicated to promoting products and services.
This practice epitomizes the flaws of creditism and crony capitalism, where money talks louder than principles.
However, Bitcoin offers a glimmer of hope by suffocating the mechanisms that perpetuate this broken system, such as cheap credit, fractional reserve lending, and currency printing, all of which favor those at the top who exploit the flaws of fiat currency.
Bitcoin's disruptive force lies in driving these lobbyists and politicians back to where they came from, where they must contribute genuine value to the world.
They are compelled to pick up hammers, engage in farming, or start businesses that produce goods and services people truly desire.
This, in turn, fosters healthy competition, driving down costs and benefiting consumers.
The impact of letting governments control the money supply and erode our time and energy through inflation is far-reaching, surpassing our limited comprehension as humans.
Bitcoin emerges as a powerful antidote, challenging the prevailing system and offering the potential for a fairer, more equitable society.
Stay strong,