The post Bitcoin Discourages War by Forcing Fiscal Discipline: Author appeared on BitcoinEthereumNews.com. Bitcoin (BTC), a supply-capped, decentralized, neutral money, can help reduce warfare by eliminating the currency printing that governments use to finance war through the hidden tax of inflation, according to author Adam Livingston. Livingston pointed to the World Wars of the 20th century, which saw the rise of central banking and the erosion of the gold standard, as the prime example of how fiat money fuels endless wars that the public would not have supported if a transparent wartime tax had been levied. He also cited the collapse of the paper currency under the Song dynasty in 13th-century China and the hyperinflation of Assignats in 18th-century France as examples of how governments financed war beyond their means and debased their currencies. Livingston said: “Monetary power is political power. When a government can conjure currency with a few keystrokes, it acquires the means to project violence far beyond what citizens would ever approve of if the bill arrived as a direct tax. In other words, fiat money is the silent partner of every modern war.” The US dollar has lost over 90% of its value since 1913 due to currency inflation. Source: BitBo Sound money advocates have long touted Bitcoin’s power to separate money from the state and alter humanity’s trajectory, much in the same way foundational technologies like the printing press dramatically altered human civilization and helped erode centralized power structures. Related: A Bitcoin strategic reserve may be bad for BTC and USD — Crypto exec Fix the money, fix the world Bitcoin advocates argue that sound money is necessary for human flourishing, and moving the world to a Bitcoin standard helps promote technological innovation, social cohesion, artistic creation, and freedom. Earlier monetary media, including gold and paper currencies, are deeply flawed, with the former leading to the centralization of… The post Bitcoin Discourages War by Forcing Fiscal Discipline: Author appeared on BitcoinEthereumNews.com. Bitcoin (BTC), a supply-capped, decentralized, neutral money, can help reduce warfare by eliminating the currency printing that governments use to finance war through the hidden tax of inflation, according to author Adam Livingston. Livingston pointed to the World Wars of the 20th century, which saw the rise of central banking and the erosion of the gold standard, as the prime example of how fiat money fuels endless wars that the public would not have supported if a transparent wartime tax had been levied. He also cited the collapse of the paper currency under the Song dynasty in 13th-century China and the hyperinflation of Assignats in 18th-century France as examples of how governments financed war beyond their means and debased their currencies. Livingston said: “Monetary power is political power. When a government can conjure currency with a few keystrokes, it acquires the means to project violence far beyond what citizens would ever approve of if the bill arrived as a direct tax. In other words, fiat money is the silent partner of every modern war.” The US dollar has lost over 90% of its value since 1913 due to currency inflation. Source: BitBo Sound money advocates have long touted Bitcoin’s power to separate money from the state and alter humanity’s trajectory, much in the same way foundational technologies like the printing press dramatically altered human civilization and helped erode centralized power structures. Related: A Bitcoin strategic reserve may be bad for BTC and USD — Crypto exec Fix the money, fix the world Bitcoin advocates argue that sound money is necessary for human flourishing, and moving the world to a Bitcoin standard helps promote technological innovation, social cohesion, artistic creation, and freedom. Earlier monetary media, including gold and paper currencies, are deeply flawed, with the former leading to the centralization of…