2021 Letter to Shareholders
Dear Fellow Shareholders of Cathedra Bitcoin Inc:
In 1798, a British economist was concerned that the incessant increase in population would cause humanity to run out of food. As a solution, he supported a variety of measures aimed at curbing the rate of population growth (e.g., taxes on food) to improve the living standards for those humans who did survive. The economist in question, Thomas Malthus, was raised in a country house in Surrey, was educated at Jesus College Cambridge, became a Fellow of the Royal Society in 1818, and–in simple terms–championed policies designed to limit (or end) human life to prevent this population bomb.
“Instead of recommending cleanliness to the poor, we should encourage contrary habits. In our towns we should make the streets narrower, crowd more people into the houses, and court the return of the plague.”
– Thomas Malthus, “An Essay on the Principle of Population” (1798)
Looking back, we can see that such predictions have (fortunately) not come to fruition. The human population has grown ninefold since Malthus penned his infamous piece, “An Essay on the Principle of Population.” Meanwhile, technology has given humanity the ability to channel energy in ways unimaginable to Malthus, allowing us to enjoy levels of prosperity that make the elitist Malthus look like a serf in comparison. Yet we are not without our troubles.
In response to COVID-19, the last two years have seen an unprecedented degree of government intervention around the world, through mandates as well as record-breaking fiscal and monetary stimulus. Meanwhile, food shortages have visited the developed and developing worlds alike. Housing, asset, and commodity prices are soaring, with even the dubious Consumer Price Index reaching its highest level in four decades in the U.S. And around the world, civil unrest is on the rise.
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
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