2min chapter

The Jordan B. Peterson Podcast cover image

186. Bitcoin: The Future of Money? | Bitcoiner Book Club

The Jordan B. Peterson Podcast

CHAPTER

The Pyramid Scheme Hypothesis

Central planning more generally reverses that it actually induces you to consume and take on debt today and disregard the future. The arbitrary nature again it's as mises would describe all centrally planned action is it runs countervailing to what the free market would choose on its own. No matter what you do the government cannot make a good decision if they're coercing people to do it because they're withdrawing productive factors from the economy to fund that decision so it's contradictory to the essence of democracy itself.

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