Even Mike Benz is struggling to realize that free markets produce goods and commodities more efficiently than a system of coercion. I didn’t see that one coming.

Socialist economics (oxymoron) is extremely difficult to purge from your system because it’s all that was taught in the west for the last century and is a warm blanket of Stockholm Syndrome.

It’s nearly impossible to purge and resist it if you don’t understand Bitcoin (e.g. Bret Weinstein). That’s why Mises and Rothbard are so legendary, they did it without Bitcoin.

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Whats this in reference to?

That was the best Tucker pod I’ve seen lately and he’s had some great ones.

Do you see Bitcoin as you a store of wealth,a currency or both?

Good question. I think all these terms are a result of the century of fiat and the debate over their semantics is a distraction. Bitcoin is (the discovery of) money (although I’m highly partial to “speech”) and all prior monies were merely approximations of money, just like the Romans hadn’t discovered the number zero, but had placeholder approximations for zero that were wildly inferior and hampered their mathematics.

Both. Essentially, a currency that is so well designed that it doesn't stop growing in value, and is preferably used in transactions with the people we appreciate, becoming a "gift currency".

I don’t know who this is but very few economists seem to understand the dynamics of free markets and how government intervention distorts those dynamics

So many people can't seem to grasp the concept of a free market, believing that everything must have some form of centralized control.

Healthcare, for example. I often say I’d like to see a true free market in the industry, and the immediate response is, "Okay, so how would it work?"... as if I need to present a fully developed business plan for an industry I have no intention of entering.

Every time, I have to clarify that I’m a hockey coach, not a healthcare entrepreneur. My focus is on my own field; someone else can figure out how to compete in healthcare.

At this point, the conversation usually shifts to, "So you want to get rid of universal healthcare, but you don’t even know what you'd replace it with? How does that make sense?"

That’s when I explain how incentives function in a free market and how they drive innovation, efficiency, and competition in every industry where market forces are allowed to work. I outline how these same dynamics would apply to healthcare.

And yet, inevitably, the discussion loops back to the original question: "Okay, but how would it actually work? How would you run it?"... as if my personal blueprint is the prerequisite for the concept itself to be valid.

It's annoying.

The economic calculation problem means that it’s impossible for any one individual to perfectly answer those questions. A market with a multitude of individuals, each making a multitude of free value judgements with skin in the game has infinitely more compute to solve the problem than you or I do.

Also, no answer would even satiate them either…because they don’t understand Bitcoin.

If we had a Ministry of Shoes that made all the shoes and you wanted to abolish it, they would say “So you’re against people having shoes?”

Kind of presumptuous of them that you carry the burden to justify halting the confiscation of your personal property.

Unless currency in your possession is by a licensing agreement than as a personal property, which in that case, you probably didn’t read the fine print they unilaterally updated last night at 02:37 and this is clearly all your fault.

Centralized planning would screw up producing something as simple as a pencil.

https://fee.org/ebooks/i-pencil/

Surreal that you posted this because on Tucker today, Mike Benz references Milton Friedman and the pencil multiple times, but uses it as *justification* for why the US needs to interfere and dominate other countries…in order to secure the commodities to make the pencil. As in, he says it’s a *positive* from USAID. An abhorrent perversion and misunderstanding of the message.

🎯

Sounds like they don't understand the free market lol

I think people are just scared of freedom. Lack of certainty is too volatile.

Stockholm Syndrome

The fact that you (dear normie) can't imagine an alternative system working better than a current one does not prove that an alternative is not possible nor that the current system is worth perserving.

But, for some reason, it is considered crazy to talk about letting people find their own solutions? How is contining down a path of self destruction, because "it's what we have always done", not a completely deranged idea?

They'd rather live in a state of constant mediocrity, over taking risks for a better future.

And they rather enslave their children's children to the same lives than to look reality in the face.

yup. borrowing that

well said.

If you are the only one at the table in a free market there is no free market.

I am all for a truly open free market.

But it might just be another religion. A lot of academic abstraction disassociated from reality. 🤷🏻‍♂️

Impossible without Bitcoin.