AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
The Free Market Is Best in Managing That Balance
If the market ends up centralizing all of it into one power plant, I don't see that as a problem. There are places, you know, there's a small town with only one barbershop. Is that a catastrophe? No, because they don't need two barbershops. And if that barbershop started to take advantage of people, started to charge higher price, well, then that's just an opportunity for others to step in and put them in their place. It's the same thing with everything. The key thing is this. From the central planning perspective, they'll tell you, well, this is bad. So let's stop what's bad and do
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