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3min chapter
Is Sound Money the Answer? with George Gammon (WiM268)
The "What is Money?" Show
The Fed's Quantitative Easing and the Bitcoin Standard
Government spending as a percentage of GDP increasing leads to a decline in real GDP, which is another way of saying theft reduces productivity. In 2021 for the US government, US government generated about $4 trillion in direct tax receipts and there was also an expansion of M2 of roughly $4 trillion. If you just looked at that year on a Bitcoin standard or the government half the government's revenue is taxation. The other half is coming through inflation or debasement.
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