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THE Bitcoin Podcast
Modern Capital Misallocation: Allen Farrington (Bitcoin Talk on THE Bitcoin Podcast)
May 13, 2024
Allen Farrington, General Partner at Axiom Venture Partners, talks about ethics, violence, Apple, lite beer, MMT, capitalism, and the state's role in capitalism on a Bitcoin Talk episode. The conversation meanders through various fascinating topics, showcasing a wide array of ideas and viewpoints in a thought-provoking manner.
01:46:48
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Quick takeaways
- Cultivating an ethical culture can reduce the need for violence in society.
- Alignment with financial incentives drives investment philosophies more than ethics.
Deep dives
Capital and Potential Energy
Capital, as described by economist Hernando De Soto, can be likened to economic potential energy. It represents the time dedicated to producing rather than consuming, with the product not fully consumed yet. This concept forces one to think about time and human action, storing up time in potential to be purposefully released in the future. Capital is a form of stored economic potential energy, waiting to be deployed.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode