"Grand scale operations are often more invisible than the small ones."
These rings too true, it's so much easier to comprehend small transactions like paying $10 for lunch or even $300 for a new desk. But as the numbers get bigger, they become more abstract; like $25,000 for a car, paid on a monthly basis or even a mortgage on a house with insurance, interest and taxes put on top.
But it's where the interest, insurance and other fees that come in that makes, say, me wonder if this is a good deal or if I'm getting ripped off. On the one hand, the companies need to make a profit otherwise these services can't exist, and we do need them in some form. In the other hand, companies love profit and one can't help but wonder how much of what we pay them is less for the service and more for their bottom line.
But government level spending is a different beast entirely, and I imagine that the banks make bank on interest payments. So much money is flowing through, due to decisions made by hundreds of other people.
Blockchain has the potential of making spending more transparent, so that spending is accountable to taxpayers. The spending should be made public, and taxpayers should be able to view the blockchain of transactions to see that yes the government allocated $3 million to education, and how much went where, specifically. Taxpayers can also then help with auditing; are we paying too much for pencils or other tools?
This way we can maybe spend more money on services and not interest payments. It's so silly that people can make so much money by playing with numbers that don't have real world value... But I guess banks take some money from interest payments and funnel them back to politicians... What a racket!