The "What is Money?" Show cover image

The Top 20 Untruths of COVID with Nick Hudson (WiM250)

The "What is Money?" Show

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The Cobra Problem

The idea that human intervention always carries with it the risk of unintended consequences is like such a recurrent lesson, yet we never seem to maintain it for more than a few generations. "It's wrong fundamentally because what it does is it fails to take into account the creation of future knowledge," he says. It ignores the tendency of humans when left to their own devices to solve the problem as the pressure emerges.

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