CoinVoice recently learned that Coinbase CEO Brian Armstrong said that the Department of Government Efficiency (DOGE) is a once-in-a-lifetime opportunity to increase economic freedom in the United States and reduce the size of government to restore it to health. The founding fathers were geniuses, but (modestly) may have overlooked the adverse incentives of expanding the size of democratic governments over time (winning elections by promising more free stuff).
To future-proof this might require a constitutional amendment to cap total government spending (by, say, 10%), or a way to align incentives (Buffett has proposed that an unbalanced budget disqualify all members of Congress who voted for it). Ideally there should be ways to temporarily control spending (such as in times of war) but still have incentives in place so that long-term spending doesn't get completely out of control. An example would be a US sovereign wealth fund, where every citizen gets a share (people could probably buy more as needed), and any budget surpluses pay dividends. That way every citizen has a stake. Maybe Congress would get a slightly larger share. [Original link]
