Coinbase CEO Brian Armstrong recently posted a statement about the Department of Government Effectiveness (DOGE). He believes it is a unique opportunity to increase economic freedom in the United States and reduce the size of the government. Armstrong argues that the growth of democratic government has had negative consequences, such as politicians promising more benefits to win elections.
He suggests that a constitutional amendment capping total government spending (e.g., 10%) or finding ways to align incentives (similar to what Buffett proposed) could be a solution.
