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4min chapter
There are No Solutions, Only Trade-Offs with Aneesh Karve (WiM310)
The "What is Money?" Show
The Use of Knowledge in Society
In reality, someone controls each asset. Someone is the decision maker of how that asset is employed and how competing interests for it are resolved. Hayek said you can't socialize property as a contradiction in terms. And this whole thing on merit, you know, it's kind of dispelled,. It's who is to decide for anyone else what is meritorious and what's not? The old adage, one man's junk is another man's treasure.
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