Economic Reality vs. Political Rhetoric | The Aneesh Karve Series | Episode 5 (WiM272)
The "What is Money?" Show
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The Fear of Volatility in the Free Market
Robert Kagan: One of the things that scares central planners about the free market is this volatility. He says if we take convexity out of the economy, now everyone's equal, but there's no mobility either. Kagan: The only place we're all going to be equal is in the grave, or in poverty. "We want the thing that central planners fear the most, which looks to them like chaos"
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