Armstrong's Radical Plan to Tackle US Debt: New Constitution or AI-Driven Growth

Coinbase CEO Brian Armstrong has proposed radical solutions to address America's $36 trillion debt. In a recent post on X, Armstrong argued that the U.S. Constitution lacks essential safeguards, including a cap on government spending and a requirement for hard-backed currency.

Armstrong criticized the unlimited printing of fiat currency, which can lead to its devaluation. He noted that Bitcoin, unlike traditional money, has a scarce supply and tends to hold its value over time.

The Coinbase CEO believes that the lack of fiscal safeguards pushes every democracy towards more debt and eventual loss of reserve currency status. Armstrong suggested three alternative solutions: writing a new constitution for a new frontier on Mars or in cyberspace, adding an amendment to the existing Constitution to align government spending with debt, or pursuing a hyper-economic growth model involving artificial intelligence (AI), robotics, and crypto.