Bitcoin (or any crypto) isn't more digital than your central bank money in any meaningful way. If you want to abolish the central bank just say that instead.
It's wild how some people still don't think digital forms of money (Bitcoin) and identity are inevitable. I figured they'd see email, music, etc, and realize everything would eventually be digital protocols, but humans are so poor at systems thinking most can't trace obvious arcs
France is just another high income "nation" where the receding productive demographic is forced to sustain an ever growing number of parasites. Same as the US, same as everywhere.
And yet the French have a decent rail system, paid family leave, paid sick leave, a social safety net, 99% literacy, a younger retirement age, higher life expectancy, and so on
Private capital investments create employment, which fosters income, which allows for consumption.
The retard "trickle down" idea is a caricature, claiming Milton THE DEVIL Friedman said wealthy individuals will share their wealth as charity if not taxed.
They're not the same.
@ProjectAncap Trickle down theory is a derogatory name
Many economists and politicians have espoused the benefits of 'Supply-Side Economics'
Sowell is one of those people. This is a semantic game he and you are playing. The deregulation and lower taxes is the issue. not what you call it.
@bronzeagemantis True. A lot was justified with a kind of self rightous altruism, and supposed moral obligations to "share" their wealth with the world. Really just an expansion of the domestic ideology.