Brian Armstrong: The U.S. Constitution Lacks a Government Spending Growth Cap and a Hard-Asset-Backed Currency Requirement

Odaily Planet Daily News Brian Armstrong posted on platform X, stating that the U.S. Constitution is the most important political innovation in history, but it lacks two essential elements: a cap on government spending growth and a requirement for hard-asset-backed currency. Without these two elements, every democracy tends toward more debt and eventually loses its reserve currency status, as can be seen in The Changing World Order. U.S. debt stands at $39 trillion and increases by about $1 trillion every 100 days. Currently, interest payments exceed the defense budget, and existing mechanisms are unable to stop this trend. Politicians get elected by promising free benefits using other people's money. Some voters benefit in the short term, while the negative impact of spending is borne by future generations who do not yet have the right to vote. The incentive structure is broken. Solutions include drafting new constitutions in frontier regions—such as Mars, special economic zones, and cyberspace—or amending the existing system to adjust incentives, though this is politically challenging; or leveraging ultra-high economic growth driven by AI, robotics, and cryptocurrency to outpace inflation.