There are No Solutions, Only Trade-Offs with Aneesh Karve (WiM310)

In this episode, Aneesh Karve joins me to wrap up our discussion on the book, ‘Discrimination and Disparities’ by Thomas Sowell. We discuss the concept of hidden economic consequences, the shortcomings of central planning, and how socialism is not a progressive philosophy. Aneesh Karve is the Co-founder and CTO of Quilt. He's an expert in data visualization, entrepreneurship, Bitcoin, and economics. // GUEST // Twitter: https://twitter.com/akarve Website: https://akarve.com/ Book: https://shorturl.at/wNS36 // SPONSORS //  In Wolf's Clothing: https://wolfnyc.com/ Gold Investment Letter: https://www.goldinvestmentletter.com/ CrowdHealth: https://www.joincrowdhealth.com/breedlove Wasabi Wallet: https://wasabiwallet.io/ Join Me At Bitcoin 2023 in Miami (use discount code BREEDLOVE): https://b.tc/conference/ Casa (use discount code BREEDLOVE): https://keys.casa/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/  Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:01:21 - Intro 00:02:54 - Helping Lightning Startups with In Wolf's Clothing 00:03:40 - The Last Chapter in Thomas Sowell's Book 00:04:15 - Equal Starting Point Don't Guarantee Equal Outcome 00:08:07 - "There are no Solutions, There are Only Trade-offs" 00:09:58 - The Desire For an Equal Outcome 00:11:26 - The Difference Between Process and Outcome 00:12:04 -  Economics is a Study of the Hidden Consequences 00:16:15 - Higher Resolution Thinking and Seeing the World as it is 00:19:54 - "When Government Organizations Fail, They Don't Go Out of Business, They Get Bigger" 00:21:48 - The Merit of Creating Economic Value 00:23:13 - Controlling the definition of Merit  to Gain Power 00:26:36 - The Ineptitude and Impossibility of Central Planning 00:28:53 - How Socialism is Not a Progressive Philosophy 00:34:00 - Maximize Your Profits with Gold Investment Letter  00:34:57 - Take Control of Your Healthcare with CrowdHealth 00:35:59 - Wasabi Wallet: A Bitcoin Wallet with Privacy Built-In  00:36:47 - There Should be Back Pressure on Central Planners 00:38:37 - Lack of Feedback in Outcome Base Thinking 00:39:41 - The Non-Existence of Equal Distribution in History and Culture 00:41:37 - Language is a Network Effect 00:45:56 - How Equality Destroys the Process of Individual Advancement 00:47:45 - The Advantages of Unequal Outcomes 00:50:10 - The Process of Inequality Throughout History 00:51:58 - There is No Such Thing as a Fair Starting Point 00:54:53 - The Symmetry of Risk and Reward 00:56:25 - Why Imitation is Fundamental in Human Interaction 00:58:35 - The Objectivity of Competence and Decision Making 01:01:13 - Taleb's "Two Surgeons" Anecdote  01:02:25 - A Chance to Win Discounted Tickets to the Bitcoin 2023 Conference and 10M SATS 01:03:17 - Hold Bitcoin in the Most Secure Custody Model with Casa 01:04:05 - Process Goals vs. Outcome Goals  01:08:12 -  The Importance of Balancing Incentives and Disincentives 01:13:00 -  The Statist Fantasy 01:14:18 - The Market is Smarter than Any Computer Ever Could Be 01:19:27 - Empowering Individuals to Create the Best Collective Outcomes 01:21:19 - It's Not About Socialism vs. Capitalism 01:26:41 - There is No Final Solution in Economics 01:29:33 - How Mislogic Is Used to Seize Power 01:32:38 - The State is a Microcosm of the Ego 01:35:06 - Individuals and the Markets are Communities of Cells 01:37:10 - The Most Beautiful Poem Written by the Biggest Capitalist  01:39:25 - Where to Find Aneesh's Work // PODCAST // 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/MLdpYXYI // SUPPORT THIS CHANNEL //  Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7  Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove Dollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101 // WRITTEN WORK //  Medium: https://breedlove22.medium.com/  Substack: https://breedlove22.substack.com/  // SOCIAL //  Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22