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

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=8-1PODCAST: Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast...Spotify: https://open.spotify.com/show/25LPvm8...RSS Feed: https://feeds.simplecast.com/MLdpYXYIOutline: 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?" OutroSOCIAL: Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?l...All My Current Work: https://vida.page/breedlove22WRITTEN WORK: Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTE: Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBree...Dollars via Venmo: https://venmo.com/code?user_id=178435...The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=328431...RECOMMENDED BUSINESSES: Ledn lets you do more with your digital assets: https://www.ledn.io/CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedloveWasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/Join Me At Bitcoin 2023 in Miami, and use discount code BREEDLOVE for a chance to win 10M sats: https://b.tc/conferenceCasa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/Buy High Quality Bitcoin Apparel Here (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/?sca_ref=2744763.jDn5JzDZxSTry Feel Free Tonics, a Great Alternative to Alcohol and Caffeine (use discount code BREEDLOVE): https://botanictonics.comThe Only Snack Bar I Will Eat—The Carnivore Bar: https://the-carnivore-bar.myshopify.com/?sca_ref=3135331.u66L01muXY