Western Governments Do Not Make Mistakes.
They are infallible!
Since they can print, they dodge real accountability. Paper over deficits, monetise mistakes, socialise losses. Reset the scoreboard through dilution.
What ādivine rightā was to unelected monarchs, ālegal mandateā now is to unelected central bankers.
Royal power rested on the ādivine right of kingsā; authority portrayed as Godāgiven. A sacral aura that dulled scrutiny. When that shattered, another shield was improvised by the elite: technocratic, fiscal, monetary exceptionalism.
Familiar?
Today:
- Errors are āmanagedā via balanceāsheet expansion ( fancy words ).
- We debate price symptoms and dodge questioning structural design.
- Accountability is lost in the fog.
Kings invoked God, central banks now invoke statute. Different language, similar insulation of power.
Enter Bitcoin - not utopian but a structural counterāproposal:
- Rules that cannot be quietly rewritten midācycle.
- Fixed issuance, not elastic promises.
- Permissionless final settlement.
- An auditable ledger that resists politically convenient amnesia.
Separating Money & State rhymes with separating Church & State. Legitimacy moving from abstract decrees to transparent, verifiable rules, not to enthrone a new āinfallibleā authority, but to narrow discretionary abuse.
We donāt need āinfallibleā governments.
We need institutions that canāt silently tax through dilution.
History didnāt end with ending divine rights. It wonāt stop with stopping Quantitative Easing.
#Bitcoin #History #FrenchRevolution #MonetaryPolicy #Accountability #Innovation #Governance
