The two foundational tenets of capitalism are price discovery and correct pricing of capital (the most important asset), but central banks and politicians now set the price of capital by committee of bureaucrats, which is fundamentally incompatible with capitalism and inevitably ends poorly.
normativepending
Speaker
Dave CollumEvidence Quote
“the two most important things the tenants of capitalism one is is price discovery... the other is the cost of the most important asset... capital... central bankers and politicians... think that the price of the most important asset in the world should be set by a committee of bureaucrats... i don't think there's a way that you can be founded on that kind of thinking that doesn't end poorly”
Created: 8/11/2026, 1:15:46 AM
My Notes
Loading notes...