Bitcoin Dad

Most non-Bitcoiners think price pumping means lambos and vacations in Ibiza. In reality, a bunch of young parents with toddlers are buying their time back, choosing career paths they love deeply, and investing more in their local communities.

Republicans will say we can't afford this, 2 seconds after wasting 50 billion dollars on a war that didn't achieve anything.

This is the philosophical bankruptcy of a brilliant engineer laid bare in a single post. Musk proposes that the government pay people not to work because machines will do the working for them. This is not a new idea. It is the old idea of something for nothing, repackaged in silicon. Start with the economics. Mises demonstrated that production must precede consumption. You cannot distribute wealth that has not been created by someone. If AI produces the goods, someone still owns the AI, maintains it, directs it, and decides what it produces. That is not a post-work society. That is a society in which the producers have changed tools. The question Musk refuses to ask is: by what right does the government seize the output of those producers to mail checks to those who did not produce it? "There will not be inflation" because production will exceed the money supply increase. This assumes the government will print only enough and never more. This is the assumption of every inflationist in history. Hayek called this the pretense of knowledge. Mises demonstrated that no central authority can calculate economic outcomes for a dynamic economy because it lacks the pricing information that only free markets generate. This is not a technical problem to be solved. It is an impossibility built into the nature of centralized control. Now the moral question Musk avoids entirely. Man survives by using his mind. Work is not a burden to be eliminated. It is the means by which a rational being sustains his life, creates value, and achieves purpose. A man who receives a check for existing is not free. He is a dependent. He has been severed from the process that gives his life meaning. Rand would say Musk is proposing to turn every American into a ward of the state, fed and housed by the productive, with no purpose and no self-respect. Mike Lee asks the right question: why would you trust the government to do this? But the deeper question is: why would you want any institution, government or otherwise, to replace the individual's responsibility for his own survival? That is not compassion. That is the destruction of the human spirit performed with a direct deposit. Musk builds rockets because he refused to accept that space was closed to private enterprise. He should apply that same principle to the economy: trust free individuals to adapt, innovate, and create new forms of value, as they have after every technological revolution in history. The printing press did not create permanent unemployment. Neither did the steam engine, electricity, the automobile, or the internet. Each one destroyed old jobs and created new ones that no one could have predicted. AI will do the same, if the government stays out of the way. Universal High Income is not the future. It is the end of the future, paid for monthly.

You'd need to be paid $10,000 a week to have the same spending power as a kid working McDonalds in July of 1971 The math says it's that bad now

Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.

Little Bear (1995)

True currency is steadfast friendship

Imagine this, but with every city connected with high speed rail.