I see you, Bitcoin

For decades now, the present-day western economic systems have never been challenged.

Fuelled by credit and unhinged from sound money, the system is frothing with bubbles and capital misallocation.

This hardly bothers the incumbents, particularly those at the mouth of the credit flow. Free credit allows them to eat all the fruits of the productive activity in the economy.

Only in the presence of an alternate system one can suddenly see the system as it exists in a new light.

The alternate system is Bitcoin.

As society digests this new system, it ridicules it with enthusiasm. Suddenly the problems with the current system are forgotten as we have already adjusted to it and are loathe to change.

It is much easier to point the finger at the other side and question it in a way never before asked about the present system.

That is a positive thing. It’s been some time since these questions were asked. What is inflation? What is debt? whose debt? Can we print money and erase all our mistakes?