Welp. It was a good listen until you guys started shitting on capitalism. You are both smart dudes, you should realize that on a scale where 0 is capitalism and 100 is socialism, the current system is HEAVILY geared towards 100 right? Let me give you a couple of reasons as to why it is so:
1) Money is 50% of all transactions. If the price of money is being manipulated the central planners, then the free market price discovery is broken by default
2) Any and all government subsidies, interventions, regulations prevent free markets from functioning
3) In a world where your average total tax burden is about 40%, time theft on a grand scale and subsequent (centrally planned) misallocation of resources should be obvious - whether you agree with the statement "taxation id theft" or not
4) The devaluation of money incentives spending instead of saving, making all participants in the market more susceptible to buying shit they don't need
5) The devaluation of money ALSO incentives "investing," whether the investment makes sense or not (case in point: GME, shitcoins, government bonds) and a "growth at all costs" mentality in which all that matters is profit, not actual value added to society
6) Perpetual government deficits would not even be possible in a truly capitalist system - governments, like bankrupt private enterprises and insolvent banks, would have to default
(My apologies if you touched on any of those points later in the pod, I turned it off a few minutes after you got into the subject)
Peace ✌️
