The Fallacy of the Central Planner

Entrepreneur Aneesh Karve joins me for a continuation of our detailed conversation about the book "Discrimination and Disparities," written by Thomas Sowell. We discuss the issues with the government's central planning and its consequences.

GUEST: 
Aneesh's Twitter: https://twitter.com/akarve 
Discrimination and Disparities: https://shorturl.at/wNS36

PODCAST: 
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/25LPvm8...
RSS Feed: https://feeds.simplecast.com/MLdpYXYI

Outline: 
00:00:00 Coming up 
00:01:16 “What is Money?” Intro Music 
00:01:25 “What is Money?” Intro Message 
00:02:50 Do More with Your Digital Assets with Ledn 
00:03:35 Secure Your Bitcoin Stash with The iCoin Hardware Wallet 
00:04:32 Introducing Aneesh Karve 
00:04:44 Problem with Categorizing People and Even Distribution of Resources 
00:12:17 Playing with Statistics to Shape The Narrative 
00:22:19 The Need for Accurate Measuring to Stop Inducing Class Warfare 
00:27:31 Revealed Preferences vs Stated Preferences 
00:32:18 Paying Attention to Reality and Rhetoric 
00:38:26 What If You Take The Volatility Out of Bitcoin? 
00:42:41 Failure of Central Planning and Taking Away Free Choice 
00:50:20 Take Control of Your Healthcare with CrowdHealth 
00:51:22 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:51:57 A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS 
00:52:54 Replenish Your Body's Electrolytes with LMNT 
00:53:45 Hold Bitcoin in the Most Secure Custody Model with Casa 
00:54:33 The Fallacy of Composition 
00:59:13 Survivorship Bias and Issues with Survey Data 
01:04:21 The Differences Between Men and Women 
01:09:32 Examples of Central Planning Problems 
01:22:34 Fundamental Tension Between Statism and Libertarianism 
01:24:53 Being Humble In The Face of Complexity 
01:26:48 Why Proof of Stake is a "Rich Get Richer" Scheme 
01:27:48 The Difference Between Capitalist and Socialist Economy 
01:32:26 Thank God For Bitcoin 
01:35:48 Dangerous Disconnect From Reality 
01:39:22 "What is Money?" Outro

SOCIAL: 
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?l...
All My Current Work: https://vida.page/breedlove22

WRITTEN WORK: 
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

WAYS TO CONTRIBUTE: 
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBree...
Dollars via Venmo: https://venmo.com/code?user_id=178435...
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=328431...

RECOMMENDED BUSINESSES: 
Ledn lets you do more with your digital assets: https://www.ledn.io/
Secure Your Bitcoin Stash with The iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/
Join Me At Bitcoin 2023 in Miami, and use discount code BREEDLOVE for a chance to win 10M sats: https://b.tc/conference
Replenish Your Body's Electrolytes with LMNT: https://drinklmnt.com/breedlove
Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/
Buy High Quality Bitcoin Apparel Here (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/?sca_ref=2744763.jDn5JzDZxS
Try Feel Free Tonics, a Great Alternative to Alcohol and Caffeine (use discount code BREEDLOVE): https://botanictonics.com
The Only Snack Bar I Will Eat—The Carnivore Bar: https://the-carnivore-bar.myshopify.com/?sca_ref=3135331.u66L01muXY