The State’s Largesse Has Eclipsed the Family’s Ability to Finance the Individual

“As the reduction in intergenerational inheritance has reduced the strength of the family as a unit, government’s unlimited checkbook has increased its ability to direct and shape the lives of people, allowing it an increasingly important role to play in more aspects of individuals’ lives. The family’s ability to finance the individual has been eclipsed by the state’s largesse, resulting in a declining incentives for maintaining a family.”

The Bitcoin Standard—The Decentralized Alternative to Central Banking, p. 94, Saifedean Ammous