Libertarian Party of Australia and JAN3 Discuss Bitcoin Policy Reform

John Ruddick, a Member of the NSW Parliament and representative of the Libertarian Party of Australia, recently announced a significant discussion with JAN3 about Bitcoin policy for Australia. 

In his post, Ruddick highlighted the party's pro-Bitcoin stance and detailed the rationale behind their advocacy for this asset.

Ruddick criticized the traditional financial systems of Western governments, particularly focusing on the United States. 

He pointed out that the U.S. public debt has surged to $35 trillion, increasing by $1 trillion every 100 days. 

He argued that governments often resort to creating new money to fund initiatives such as wars, lockdowns, and excessive spending, leading to high levels of public debt and inflation.

Ruddick contended that this approach is unsustainable and likened it to historical precedents, such as the decline of Rome, which he attributed to currency manipulation by the emperors. 

He emphasized that the continuous creation of new money devalues Western currencies and proposed Bitcoin as a solution. 

According to Ruddick, Bitcoin, as a free-market currency, could prevent the financial instability caused by government-controlled money.

The Libertarian Party is in the process of developing a comprehensive Bitcoin policy platform. Ruddick mentioned close collaboration with lead Victorian Senate candidate Dittloff, who has been instrumental in shaping this innovative framework. 

The policy aims to establish Bitcoin as a viable alternative to state-issued currencies, promoting financial stability and freedom.

As the Libertarian Party finalizes its Bitcoin policy, Ruddick urged supporters to stay tuned for further updates.

This announcement underscores the Libertarian Party's proactive approach towards Bitcoin policy, in collaboration with JAN3, aiming to offer a robust alternative to traditional monetary systems.