26 Jan 2022 11:43
I think rising government debt and the subsequent 'money printing' are the greatest threats to prosperity and society. There are dozens and dozens of examples of governments throughout the last 2 centuries living beyond their means and using monetary debasement to fill the gap. In all but a couple of examples does it spirals into catastophe. This creating money out of nowhere is irresistable and once started, can't be stopped, just like the addict struggles with cold turkey.
I created www.ukdebtclock.co.uk to share this concern to the average person and try to get them interested in this problem and how it directly affects them. You may not agree with my conclusion that scarce assets, specifically Bitcoin is the best insurance against this, but feel free to take a look and let me know what you think. Best wishes, Shaun