Before 1913:
-Americans had direct veto power against the government.
-For the government to borrow any money, it had to go to the people.
-No central banks, they had to sell bonds. If the people didn't want it, they wouldn't buy the bonds.
This was a sound system that gave we the people the power — stopping the government from printing unlimited money and making you pay for it.
Think about it, if they just print money, why do we pay taxes?
#BITCOIN
Riggs
npub16e…k9xwc
2024-08-28 05:42:37
Author Public Key
npub16edn737n8u3xz2sjywwz9xks2xgguvhg86fwuacv2ns92y7ln8csqk9xwcPublished at
2024-08-28 05:42:37Event JSON
{
"id": "c53983390887fb37b812f6f56d9994237f431c9740c67058a702ba909dd4ff0d",
"pubkey": "d65b3f47d33f22612a12239c229ad051908e32e83e92ee770c54e05513df99f1",
"created_at": 1724816557,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Before 1913:\n\n-Americans had direct veto power against the government.\n-For the government to borrow any money, it had to go to the people.\n-No central banks, they had to sell bonds. If the people didn't want it, they wouldn't buy the bonds.\n\nThis was a sound system that gave we the people the power — stopping the government from printing unlimited money and making you pay for it.\n\nThink about it, if they just print money, why do we pay taxes? \n\n#BITCOIN",
"sig": "6c0d7d2ba1a67d37f48b81986886145cb29d6206dcbaa09112954d3d73c77cf0d59eb193ddbd71ccf0fe631b48551603ea3ced4ccdb4f8b1d0d0f8ba8f7f3590"
}