37. Art on The Bitcoin Standard
The Bitcoin Standard Podcast
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The Influence of Government Money on Art
A lot of modern art was financed by the US government and in particular the CIA as a part of the Cold War. And so you see the influence, not giving an incentive or not getting the kind of temperament that would allow them to produce long term works of art. We'd run out of art that is either political propaganda on one hand or just financed for political ends. Bitcoin can fix this in both senses. It can give everybody a lower time preference because it makes the future less uncertain because you can save for the future. Hopefully, this is how Bitcoin fixes this, in my mind at least.
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