Odaily Planet Daily News: Coinbase CEO Brian Armstrong stated in an article on X that the US Department of Efficiency (DOGE) is a once-in-a-lifetime opportunity to increase economic freedom in the United States and restore the health of the government.
The founding fathers were geniuses, but they may have overlooked the unfavorable incentives for the expansion of democratic governments over time (by promising more free things to win elections).
To prove this in the future, we may need a constitutional amendment to limit total government spending (such as 10%), or find a way to coordinate incentive measures (Buffett once proposed that an unbalanced budget would disqualify all members of Congress who voted for it from re-election).
Ideally, you should have a way to temporarily control expenses (such as during times of war), but still have appropriate incentives to prevent expenses from completely spiraling out of control in the long run. An example is the US sovereign wealth fund, where every citizen has a share (perhaps people can buy more) and any budget surplus pays dividends. Then every citizen will participate, and perhaps Congress will receive a slightly larger share.
What are the best ideas to align incentive measures with long-term fiscal discipline
