• This opinion editorial by Tim Niemeyer looks at how the coercive fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits.
• He believes that parents are compelled by this system to make decisions with high time preference actions, which can lead to helicopter parenting.
• Bitcoin can help solve these problems by providing sound money that is not controlled by any one person or group.
The Coercive Fiat Monetary System
I’m a teacher by day and a rabid Bitcoiner by night. I currently teach elementary music, and I truly love my job. It’s similar to being the co-host of Lincolnland Bitcoin in that I get to share my passions (music and Bitcoin) while potentially helping others develop a deeper appreciation for and better understanding of each. I don’t orange pill at school though; I feel it’s necessary to separate church and state, if you will. Still, being able to experience both simultaneously has helped me be able to develop a greater understanding of each.
But appreciating Bitcoin has also given me a unique perspective in my work as a teacher, and I wanted to share some of observations I’ve made in almost two decades of being an educator about how our coercive fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits… and maybe a little about how Bitcoin fixes this.
The purpose of this article is not to badmouth any specific group or subset of the population (maybe fiat politicians though, lol). Most everyone has justifications for their actions, and who am I to tell them otherwise? For what it’s worth, I believe the majority of parents are good, hard-working people who do their best with what they have to provide. It’s not their fault they’re compelled to be in a monetary system that steals their time and efforts via inflation, which forces high time preference actions. Many don’t see the benefits we Bitcoiners see to sound money that’s not controlled by the whims of those in power who have their own agendas and incentives. Furthermore, too few see that choosing red or blue or right or left doesn’t really provide long-term, systemic change due to the fact that each side is beholden to their inherent system .
Helicopter Parents
One observation I’ve noticed in the past few decades is the emergence of helicopter parents. WebMD lists the following signs of helicopter parenting: they fight their child’s battles, do their schoolwork, coach their coaches, keep their kids on a short leash, are a maid in their own house, play it too safe and can’t let their kids fail.
I believe most of these are a byproduct of living in a fiat system. When you have a system that allows humans to be in control of the money supply