DeSantis and Trump diverge on The Fed, Big Government, and Bitcoin
Donald Trump and Ron DeSantis are ideologically aligned on most issues in their competition to win the Republican nomination for President of The United States. However, there are some key contrasts that provide a significant distinction between the two political rivals, and most of it has to do with the role of government in the economy.
Ron DeSantis is unapologetically pro-Bitcoin and more broadly supports the rights of Americans to participate in a voluntary, market-based monetary system. In a Twitter Spaces Thursday evening, the Florida Governor made clear that he supports the use of bitcoin, and articulated why the Washington establishment disapproves of it. “I’ll protect the ability to do things like bitcoin,” he said, adding, “I don’t have an itch to control everything that people may be doing in this space.”
Moreover, Governor DeSantis has more broadly taken on the evolving digital space, drawing a distinction between distributed, decentralized assets like bitcoin, and government-backed tools for control and censorship. In Florida, he has implemented measures to forbid the use of any potential Central Bank Digital Currency (CBDC), warning that these tools can be used to implement a China-like Social Credit Score system in the United States. As governor, DeSantis has taken on the Davos ESG mafia, combatting the centralization of economic corporate and governmental power.
Trump, on the other hand, has long opposed bitcoin, claiming in a 2019 tweet that it is a tool of “unlawful behavior,” and that the government should take a more active role in regulating digital assets.
Notably, there is no more widely used tool for unlawful behavior than the U.S. Dollar, which is the preferred currency of terrorist organizations like ISIS.
In a 2021 in an interview with Fox News, Trump doubled down on his anti-bitcoin stance, declaring, “Bitcoin just seems like a scam. I don’t like it because it’s another currency competing against the dollar. I want the dollar to be the currency of the world; that’s what I’ve always said.”
President Trump has not publicly spoken about the potential threat posed by a CBDC or any other centralized monetary measures.
The Money Printer/The Fed
Article from LewRockwell