The Fallacy of Composition

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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Outline: 
00:00:00 Coming up 
00:01:16 “What is Money?” Intro Music 
00:01:25 “What is Money?” Intro Message 
00:02:50 Do More with Your Digital Assets with Ledn 
00:03:35 Secure Your Bitcoin Stash with The iCoin Hardware Wallet 
00:04:32 Introducing Aneesh Karve 
00:04:44 Problem with Categorizing People and Even Distribution of Resources 
00:12:17 Playing with Statistics to Shape The Narrative 
00:22:19 The Need for Accurate Measuring to Stop Inducing Class Warfare 
00:27:31 Revealed Preferences vs Stated Preferences 
00:32:18 Paying Attention to Reality and Rhetoric 
00:38:26 What If You Take The Volatility Out of Bitcoin? 
00:42:41 Failure of Central Planning and Taking Away Free Choice 
00:50:20 Take Control of Your Healthcare with CrowdHealth 
00:51:22 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:51:57 A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS 
00:52:54 Replenish Your Body's Electrolytes with LMNT 
00:53:45 Hold Bitcoin in the Most Secure Custody Model with Casa 
00:54:33 The Fallacy of Composition 
00:59:13 Survivorship Bias and Issues with Survey Data 
01:04:21 The Differences Between Men and Women 
01:09:32 Examples of Central Planning Problems 
01:22:34 Fundamental Tension Between Statism and Libertarianism 
01:24:53 Being Humble In The Face of Complexity 
01:26:48 Why Proof of Stake is a "Rich Get Richer" Scheme 
01:27:48 The Difference Between Capitalist and Socialist Economy 
01:32:26 Thank God For Bitcoin 
01:35:48 Dangerous Disconnect From Reality 
01:39:22 "What is Money?" Outro

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