So this is how the normal process works -
Past government is generally corrupt - So the new government comes in with vows of not increasing the taxes.
- New government comes in with popular vote - Now, has to fulfill its vows but need money to run the government - Build, Maintain, Pay salaries and the, more importantly, pay the members of government.
- Since they cannot increase taxes, the only other way is printing more money - pressuring the reserve bank is quite easy.
- Soon this printing starts affecting everyone in the economy aka Inflation comes in, followed by protest, and in response, the government starts declaring an emergency.
- Country goes rogue - No Media rights, personal rights. Unemployment, Poverty skyrockets.
We have seen this happening time and time again - Lebanon, Zimbabwe, Venezuela, and more. I really want bitcoin to stop this extra printing part because that's what kills the country. Millions of people have lost lives.
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