When there’s an intervention with the free market, people’s curiosity will be diverted in accordance with that intervention—not in accordance with what people need or want.
Next:
- 11-2a Invest for the wealth it can generate, not for the money per se
- 11-2.1 Fiat money shields ideas from criticism—the cost of bullshit goes down in such economy
Related:
- 3-1c3c6 Nerds have an advantage in doing great work because they expend little effort on seeming anything
- 5-1b1a1c The relationship between knowledge in the abstract and technology (the physical mediator of such knowledge) is contingent
- 13-4d4e All the consumer has to do is to think about himself—in contrast, the entrepreneur (e.g., producer, investor, operator) is primarily about others
Methodologies and notations in scientific literature are arbitrary in essence, but they are the most fitting to explain our best theories. Capital market is the same in the sense of how it’s not necessary but still the best technology we have developed so far.