‘I don’t think it is up to policy makers or conscious design of any sort to determine the optimum wealth gap. I would lean into Friedrich Hayek (A The Nobel Prize winner in Economic Sciences) view of it being a spontaneous emergent order. It is not for us to decide the optimum wealth gap but The Free Market. Humans naturally have a diversity of skill sets, knowledge & luck. Capitalism is a system that optimizes and incentivizes humans to produce services and goods that benefit the entrepreneur, the consumer and society as a whole. If we want to continue unlocking new innovations that radically enhance our standard of living we need to reduce taxes, regulation and promote rule of law that protect private property.’

Thoughts from nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um on The What Is Money Show.