The elder millennial's avatar
The elder millennial
npub1dx22...525e
Inflation isn’t greed. Bitcoin isn’t a savior. Gold isn’t obsolete. Writing about money, energy, and reality
@Jeff Booth , I’ve been thinking about your argument that Bitcoin enables a true free-market economy. How would insurance work in that system? Would we still have traditional homeowners, auto, and health insurance, with companies collecting premiums and paying claims in Bitcoin? And what happens when certain risks become too expensive for the free market to insure, such as homes in disaster-prone areas? I’m curious how a Bitcoin-based economy would handle collective risk without relying on government intervention. #bitcoin
Vice President JD Vance reportedly made a revealing statement about presidential authority: “The president has a lot of authority because, the reality is, who’s gonna stop him?” Whether intended as an observation or a justification, the remark raises an important constitutional question: Since when does the absence of opposition determine the limits of presidential power? The American constitutional system was designed around a different principle. Government authority comes from law, not simply from the ability to exercise power without resistance. This debate becomes particularly relevant when considering the vice president’s association with postliberal political thought. Postliberalism challenges aspects of classical liberalism, including its emphasis on individual liberty, limited government, and political neutrality. Its advocates generally envision a more active government pursuing shared moral or social objectives. That philosophy does not automatically imply authoritarianism. However, it raises questions about how individual rights and institutional restraints should function when government pursues those objectives. Congress is not supposed to be an extension of the presidency. Nor is the Supreme Court supposed to reward presidents for appointing particular justices. Both institutions have constitutional responsibilities independent of any administration. The deeper issue extends beyond Donald Trump or JD Vance. Every expansion of executive authority creates precedents that future presidents may inherit. A constitutional republic cannot depend entirely on the goodwill of whoever occupies the White House. The enduring question is not merely who has enough power to stop a president, but what legal limits the president must respect.
@Jeff Booth Jeff Booth, a question about your technological deflation thesis. If technology drives the cost of producing energy toward zero, what exactly is the unit of account? Are we talking about energy becoming cheaper in Bitcoin terms, or the actual physical energy required to produce usable energy approaching zero? And if Bitcoin’s proof-of-work security depends on expending real energy, how do these two ideas fit together? I’m curious how you reconcile monetary deflation with the physical economics of energy production. #bitcoin
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