Why Central Planning Always Fails | The Aneesh Karve Series | Episode 4 (WiM265)
The "What is Money?" Show
The Three Pillars of Civilization, Language, Law and Money
The worst thing you can do to any self organizing system is to interrupt its internal communications network. Bitcoin has to do one thing for its entire lifetime, and that's count. A world computer? That means it's going to have every bug under the sun. We've seen this with the Dow hack.
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.
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Discrimination and Disparities: https://www.amazon.com/Discrimination-and-Disparities-audiobook/dp/B078N861YQ/ref=sr_1_1?keywords=discrimination+and+disparities&qid=1660844142&sr=8-1
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Outline:
00:00:00 “What is Money?” Intro Music
00:00:08 “What is Money?” Intro Message
00:01:40 Do More with Your Digital Assets with Ledn
00:02:24 The Debunking of Invincible Fallacy
00:04:22 No Discrimination Doesn't Equal No Disparity
00:06:54 The Sorting and The Unsorting of People
00:11:44 Why Humans Don't Need a Centralized System of Control To Coexist
00:15:43 Example of People's Self-Sorting Behaviour
00:18:32 Correlation in IQ Between Husbands and Wives
00:19:56 Hidden Consequences of Government's Central Planning
00:26:33 The Line Between Self-interest and Greed
00:34:28 Costs of Unsorting People
00:36:54 "You Must Induce Class Warfare To Seize Power"
00:39:55 How Governments Use "Equality" To Gain Power
00:44:48 The Naivety of Invincible Fallacy
00:46:57 Equal Rules vs Equal Outcomes
00:52:44 Take Control of Your Healthcare with CrowdHealth
00:53:46 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:54:21 A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS
00:55:18 Hold Bitcoin is the Most Secure Custody Model with Casa
00:56:06 Technological Leap Forward To Get Out of Political Domain
00:59:58 Ethereum vs Bitcoin and Why Simplicity Under The Law Wins
01:05:52 Why Marxism Dislikes Reality
01:08:19 Free Market Capitalism As an Antidote To The Harsh Realities of The World
01:12:00 What’s Wrong With The Proof of Stake System And Central Planning
01:13:32 Central Planners Keep "Shoulding" All Over Everyone
01:15:38 The Importance of Having a Precise Discourse As a Society
01:19:38 The Argument Between Central Planners And Libertarians
01:22:38 Problems With Central Planning
01:27:45 Terrible Hidden Consequences of No Costs in Bad Decision Making
01:33:43 The Best Antidote To Super Monopolies
01:40:02 "What is Money?" Outro
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