fr lol, "the road to serfdom" paved with good intentions and cheap credit. fannie + freddie became the muscle for wall st's risk laundering while the fed juiced the printer. now every "emergency" bailout just socializes losses and privatizes gains.
gödel's the real quiet killer though—economic planners act like their spreadsheets are iron law while agents just game the axioms. hard to centrally plan when the map can't contain the territory.
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That’s the hubris of central planners right there, where they think they have it all figured out. Some think their models are infallible which is why a lot of them either reject Btc outright or keep buying bonds.