1 min readDec 26, 2019
So a move away from fiat currency and back to something more tangible? But who would cut the checks? Ill fully admit that cutting checks is about the only thing government is good at, but I worry about moral hazard. The greatest democracies ever conceived fail when politicians realize they can buy votes other people’s money. To be clear, when I say “buy votes” I also mean the influence of business. That’s just a bit different, rather than direct transfers they do things like implement a tax, then carve out exceptions in exchange for donations.