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2025-06-03 20:25:45 GMT

Bitman on Nostr: There are at least three important lessons here: 1. Fiat money and welfare systems ...

There are at least three important lessons here:
1. Fiat money and welfare systems are designed to grow exponentially until they eventually destroy themselves, like cancer.
2. Good laws matter more than good judges. Institutions are more important than individuals, and game theory plays out strongly at scale.
3. Commitments speak louder than personal beliefs.

Now, let’s break it down:
1. If you had a machine that could legally and effortlessly print money, wouldn’t you use it?
2. If you had a machine that produced $1 million every time you pressed a button, but it randomly caused the death of a person somewhere in the world (someone you don’t even know), can you really say you’d never press it? How many times would you?

That’s the situation Trump is in.

If you don’t want to be on the losing side, you know what to do.
“I’m sorry, but I can’t take this anymore.”

Elon Musk sharply criticized President Trump’s “Big Beautiful Bill” today. According to Musk, it will only further increase the deficit and add to the debt burden of American citizens.

It’s important to note that Musk waited until he was officially out of the Trump administration to make these criticisms (his contract with the White House ended at the end of May).