e t h a n • f r a m e

What if … What if the real fiscal revolution isn’t higher taxes or austerity, but rooting out fraud? Imagine if the bond vigilantes finally woke up to the fact that reducing government fraud and waste could shrink the deficit faster than any rate hike or spending cap. The real shocker might be just how much of Washington’s spending is pure noise, and how putting the entire government budget on a transparent blockchain could fix it overnight. What would the doomsday crowd on Wall Street say then, when the deficit problem isn’t “unsolvable,” just unaccountable?