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 “divine right” was to unelected monarchs, “legal mandate” now is to unelected central bankers.
Royal power rested on the “divine right of kings”; authority portrayed as God‑given. A sacral aura that dulled scrutiny. When that shattered, another shield was improvised by the elite: technocratic, fiscal, monetary exceptionalism.
Familiar?
Today:
- Errors are “managed” via balance‑sheet 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 counter‑proposal:
- Rules that cannot be quietly rewritten mid‑cycle.
- 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 “infallible” authority, but to narrow discretionary abuse.
We don’t need “infallible” governments.
We need institutions that can’t silently tax through dilution.
History didn’t end with ending divine rights. It won’t stop with stopping Quantitative Easing.
#Bitcoin #History #FrenchRevolution #MonetaryPolicy #Accountability #Innovation #Governance
