Bitcoin Songsheet: A Nation Of Rent Seekers

Bitcoin Songsheet: A Nation Of Rent Seekers

The fiat monetary system ultimately disincentivizes productivity and the creation of real value and instead attributes wealth to rent-seekers.Rent seeking is the real virus.The virus spreads from person-to-person through the central bank-backed fiat monetary system and grows like a cancer through regulation. Rent seekers think they are providing some value somewhere, but can’t identify how, because they aren’t providing any. They are able to extract a tax from various transactions, consuming resources without producing. They are a cancer ruining civilization, infecting governments,....


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