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=8-1 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 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 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?l... All My Current Work: https://vida.page/breedlove22 WRITTEN WORK:  Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE:  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/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/breedlove Wasabi 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/conference Casa 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.jDn5JzDZxS Try Feel Free Tonics, a Great Alternative to Alcohol and Caffeine (use discount code BREEDLOVE): https://botanictonics.com The Only Snack Bar I Will Eat—The Carnivore Bar: https://the-carnivore-bar.myshopify.com/?sca_ref=3135331.u66L01muXY