Great article and something I thought about myself. I grew up in Switzerland, which is a direct Democracy and I would say, it actually works a lot better than the US. It's in a direct Democracy, where citizens get to vote on almost all issues, whereas in a representative Democracy, they don't. I was taught in school that a country can be both a Republic and a Democracy. E.g. DDR: "Deutsche Demokratische Republic", former East Germany.
By the way, yeah the debt is concerning, but the unfunded liabilities at 215 trillion USD is worse. Not sure if you have ever looked into Bitcoin. It was actually another fellow actuary who got me into Bitcoin back in 2017. My boss recently asked me to do a presentation on the topic at work. If you want, I can send you a copy. I'm just brining this up because BTC is hard money and, imo, is the best solution to the current financial chaos and the out of control debt.
Interesting. I'll have to look into how Switzerland votes a little more closely.
As far as bitcoin, I've tried reading a little bit about it and other crypto currencies. Obviously I kick myself for not investing a little bit 20 years ago. Can one even buy fractional bitcoin? I know it's way too expensive for me to buy one these days. And of course there are many other crypto currencies that may or may not be better values.
Great article and something I thought about myself. I grew up in Switzerland, which is a direct Democracy and I would say, it actually works a lot better than the US. It's in a direct Democracy, where citizens get to vote on almost all issues, whereas in a representative Democracy, they don't. I was taught in school that a country can be both a Republic and a Democracy. E.g. DDR: "Deutsche Demokratische Republic", former East Germany.
By the way, yeah the debt is concerning, but the unfunded liabilities at 215 trillion USD is worse. Not sure if you have ever looked into Bitcoin. It was actually another fellow actuary who got me into Bitcoin back in 2017. My boss recently asked me to do a presentation on the topic at work. If you want, I can send you a copy. I'm just brining this up because BTC is hard money and, imo, is the best solution to the current financial chaos and the out of control debt.
Interesting. I'll have to look into how Switzerland votes a little more closely.
As far as bitcoin, I've tried reading a little bit about it and other crypto currencies. Obviously I kick myself for not investing a little bit 20 years ago. Can one even buy fractional bitcoin? I know it's way too expensive for me to buy one these days. And of course there are many other crypto currencies that may or may not be better values.
You could send me some info at workforbetter@proton.me
Thanks