The "What is Money?" Show

Why Central Planning Always Fails | The Aneesh Karve Series | Episode 4 (WiM265)

Episode Summary

Entrepreneur Aneesh Karve joins me for a continuation of our detailed conversation about the book "Discrimination and Disparities," written by Thomas Sowell. We discuss the issues with the government's central planning and its consequences.

Episode Notes

Entrepreneur Aneesh Karve joins me for a continuation of our detailed conversation about the book "Discrimination and Disparities," written by Thomas Sowell. We discuss the issues with the government's central planning and its consequences.

GUEST: 
Aneesh's Twitter: https://twitter.com/akarve 
Discrimination and Disparities: https://www.amazon.com/Discrimination-and-Disparities-audiobook/dp/B078N861YQ/ref=sr_1_1?keywords=discrimination+and+disparities&qid=1660844142&sr=8-1

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Outline: 
00:00:00 “What is Money?” Intro Music 
00:00:08 “What is Money?” Intro Message 
00:01:40 Do More with Your Digital Assets with Ledn 
00:02:24 The Debunking of Invincible Fallacy 
00:04:22 No Discrimination Doesn't Equal No Disparity 
00:06:54 The Sorting and The Unsorting of People 
00:11:44 Why Humans Don't Need a Centralized System of Control To Coexist 
00:15:43 Example of People's Self-Sorting Behaviour 
00:18:32 Correlation in IQ Between Husbands and Wives 
00:19:56 Hidden Consequences of Government's Central Planning 
00:26:33 The Line Between Self-interest and Greed 
00:34:28 Costs of Unsorting People 
00:36:54 "You Must Induce Class Warfare To Seize Power" 
00:39:55 How Governments Use "Equality" To Gain Power 
00:44:48 The Naivety of Invincible Fallacy 
00:46:57 Equal Rules vs Equal Outcomes 
00:52:44 Take Control of Your Healthcare with CrowdHealth 
00:53:46 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:54:21 A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS 
00:55:18 Hold Bitcoin is the Most Secure Custody Model with Casa 
00:56:06 Technological Leap Forward To Get Out of Political Domain 
00:59:58 Ethereum vs Bitcoin and Why Simplicity Under The Law Wins 
01:05:52 Why Marxism Dislikes Reality 
01:08:19 Free Market Capitalism As an Antidote To The Harsh Realities of The World 
01:12:00 What’s Wrong With The Proof of Stake System And Central Planning 
01:13:32 Central Planners Keep "Shoulding" All Over Everyone 
01:15:38 The Importance of Having a Precise Discourse As a Society 
01:19:38 The Argument Between Central Planners And Libertarians 
01:22:38 Problems With Central Planning 
01:27:45 Terrible Hidden Consequences of No Costs in Bad Decision Making 
01:33:43 The Best Antidote To Super Monopolies 
01:40:02 "What is Money?" Outro

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