Was listening to Saifedean's Bitcoin Standard podcast and this clip really hit me as a great explanation of the problem with government(central planned) institutions/services.

https://fountain.fm/clip/ibID8MKezW4mLPnO0BIX

People assume there isn't enough money in the private sector for hospitals so the solution is to have the government take the money from the private sector and use it to fund hospitals. So basically they launder money through the government and suddenly hospitals are free? What are the trade offs? The currency is destroyed and the opportunity cost(how the people who were taxed would have used the money).

The argument is that hospitals can't operate with the profit motive alone, yet many other things do work just like this. What magical spell changes the money when the government takes it? How does the government make this work? Actually it makes it worse because it removes the incentives or rather changes them. It distorts them so that the customer is disconnected from the equation.

https://saifedean.com/podcast/158-paxful-with-ray-youssef

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