Jack Mallers, Twenty One CEO and the operator running the Bitcoin-Standard company, distilled the Fundamentalist read into one line: the only way out of the current fiscal trap is the printer. This is the same conclusion Lyn Alden reaches in Broken Money, that Lawrence Lepard reaches in every Fed critique, that Luke Gromen reaches on the fiscal-dominance thesis. The bipartisan governing class does not have a choice. Interest expense compounds against a shrinking tax base while entitlements bind the budget. The Fundamentalist tier has been holding this line for a decade — every year the doubt crowd says “this time is different” and every year the ruler shrinks. Mallers is the operator-class messenger. The message has not changed. The cap is still twenty-one million.