AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Property as Philosophical Steel | The Hillebrand Series | Episode 10 (WiM069)
The "What is Money?" Show
Discovering Law Versus Legislating Law
If we want to have innovation, there needs to be failure. If you manipulate the money supply or start legislating law, you're not incorporating feedback from market actors. You get these pathologies, right, that we call price disortion. Or, i don't know, legal corruption, i suppose. I leave people alone to freely compete, peaceably compete and continually rediscover what's true and accurate and relevant at any given point.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode