Re the second chart, the explanation isn’t borne out by the data. Cell phone service and car manufacturers (and use of a car) are arguably just as heavily regulated as our food supply, wages, and childcare.The underlining issue is the money is broken. There are similarities between all declining empires because they all end going broke. Ferg is seeing that, but not understanding it.
In the current debt based system a majority of the wealth flows to the top and the more scare assets become harder and harder for a majority of the population to afford, for example housing. The natural state of a free market is deflationary. It has to be. The only reason we have inflation is because they print money and it ends up stealing a large percentage of the productivity gains, that we all should be enjoying. The two charts below are why people are pissed off and why we’re declining. People are unable to articulate the problem, but they feel it and experience it everyday. Unfortunately, we all end up getting pissed off and pointing the finger at the other side, which is what the government wants, so they can continue to steal from us.
And of course Boomers don’t understand the frustrations because they were young at the beginning of the cycle and able to acquire all the assets before they got too expensive.
Don’t worry, Bitcoin fixes this, it just takes time for people to understand it and adopt it, but it’s happening. Trump is speaking at the Bitcoin conference in two weeks. You might want to start paying attention to signals. Also, the next crisis will be enormous, whatever it is. In 2008 we spent a trillion to paper over the problem. It took 6-7 trillion to paper over in 2020. These moments speed up adoption quickly, as people realize what they thought they knew, wasn’t true .
Plus, how would BTC or even a gold standard fix govt regulations? They still carry a cost under those systems, right?