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RE: Eroding our Purchasing Power
Many governments no longer focus on creating wealth, instead they only print money. This is what happend in Zimbabwe. With the hyper inflation which was faced there, most peoples savings were wiped out creating a major economic tragedy. With blockchain, the future is secured.
Many if not any government is knowledgeable in economics. They try to solve most of the problems by printing more money. Then they see more problems eroding, they print more. By the time they give up, they have made themselves wealthy and most of them don't care about the people, they see it just as a short term job. So in the end, they don't care about the mess they make, that is the next government officials job.