The Hidden Cost of Money with Sebastian Bunney (WiM472)
The "What is Money?" Show
00:00
Government Spending and the Impact on Society
This chapter explores the exorbitant costs of public projects due to bureaucratic hurdles and inefficient allocation of funds, highlighting the negative effects on businesses and politics. It discusses the disproportionate allocation of funds in government projects, the impact of free money on risk-taking behavior, and the importance of aligning money with proper incentives for societal benefits. The conversation also delves into the intertwined nature of politics and money, discussing the potential for Bitcoin to create a more equitable financial system by separating money from the state.
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