Over the past 20 years, the global average economic freedom has gone up by only 3 points (from 57% to about 60%). Things are moving in the right direction, but far too slowly.
With the invention of digital currency, I believe we can dramatically increase the economic freedom of the world, perhaps raising it as high as 75% in the next 20 years.
Economic freedom is one of the great meta-problems of our time (right up there with A.I., quantum computing, and cheap renewable energy). If we can create more economic freedom in the world, it will serve as a giant economic stimulus package for the world, accelerate innovation, reduce wars, make the poorest 10% better off, overthrow corrupt governments, and raise happiness.
For the first time in history, just a couple hundred people can have a material impact on the economic freedom of the world by making a new technology accessible to the masses. If this mission is of interest to you, please get in touch with us.
Thank you to Rose Broome, D. Scott Phoenix, John Yi, Erin Coppin, Adam White, Dave Farmer, Dan Romero, Fred Ehrsam, and Nathalie McGrath for reviewing drafts of this post.