The "What is Money?" Show cover image

Paradoxes and Theories of Everything with Curt Jaimungal (WiM228)

The "What is Money?" Show

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Is There Such a Thing as Too Much Freedom, Too Much Decentralization?

Pundits are like the resurgence of dialogue in the digital age. I don't think like to adhere to a centralized plan over time doesn't seem to be sustainable because what you what requires everyone to do is to drop their own wants or preferences and follow the central plan. The libertarian philosopher Hayek made a great point too. There's a great paper on this called the use of knowledge in society by Hayek, same guy I just mentioned,. And he makes this argument that, you know, knowledge sort of emerges everywhere at local scales and it's utility diminishes. That's what I think decentralization would kind of be the spirit of. If you want something that's going to last

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