A look at how the people in power may have more in common with a jewel beetle than you’d initially expect and how bitcoin may have the answer.
In this article, we touch on:
● Why the government and the Federal Reserve are incentivized to expand the money supply and lower interest.
● The byproducts of monetary expansion and lower interest rates.
● What a world with a decentralized sound currency such as bitcoin will look like.
● Why our misinformed inflationary beliefs are hampering innovation, destroying our planet’s habitats, creating wealth inequality and increasing fragility within our economy.
The Lure Of The Beer Bottle And Economic Growth
The Australian jewel beetle,1 a part of the Coleoptera family,2 has been around for about 300 million years. Therefore, you would assume that if the jewel beetle has survived this long, it must perceive the world as it really is.3
As humans have evolved, we have seen great leaps and bounds in technology. One beneficiary of this advancement in technology has been the glass beer bottle. More precisely, the brown, stubby Australian beer bottle. When discarded in the desert, this beer bottle’s color, size and shape attracts male jewel beetles searching for mating partners. These beetles, through evolution, have been taught that the bigger and browner the female, the better. When they found this beer bottle, they thought they had stumbled upon the perfect brown female beetle, and as a result, a drop-off in population ensued. Why would you go for the much smaller, inferior jewel beetle when a big, brown, stubby beer bottle meets all your needs? The beetle’s inability to perceive the world as it really is nearly became the catalyst to its demise until Australian bottle manufacturers caught on and switched bottles.
Throughout history, we have been taught that the world works in a certain way. Our governments are continuously trying to increase productivity and efficiency to enhance economic growth. However, wealth…