Brian Armstrong: The US Constitution lacks spending caps and hard asset currency requirements
Brian Armstrong said that the U.S. Constitution lacks a ceiling on government spending growth and a monetary requirement for hard assets to support it, resulting in a US debt scale of $39 trillion and an increase of $1 trillion every 100 days. The existing mechanism cannot stop the trend of interest spending exceeding the defense budget. Politicians are elected by promising welfare benefits, but incentive structures fail. Solutions include drafting new constitutions on Mars, special economic zones, or cyberspace, adjusting incentive mechanisms through amendments, or using AI, robotics, and cryptocurrency to achieve ultra-high economic growth.