Everyone complains about what poor stewards of the people's money the government tends to be, but rarely does anyone address the question why. We chalk it up to greed and stupidity, or we just take it as the natural course of things, joke about $200 hammers and move on.But there are actual, quantifiable reasons that government is bad with money and those reasons are systemic in nature, meaning that no matter who is in charge, or what laws are passed, the root reasons for the waste and fraud will still be with us.
Reckless spending of fiat money can only lead to disaster. Politicians no longer think in billions but in trillions of dollars and, since it's not their money, are not in awe of such immense numbers.
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