Jordan Peterson explains Hayek’s “knowledge problem” argument against central planning

@ConceptualJames Juden Peterstein

Akurat ten cwel to nie jest dobrym wyznacznikiem

I know Hayek’s right. And I like Peterson’s explanation. But, I struggle with a counter-point anecdote: Social Media As it’s been said: There are lots of intelligent people on the Internet, but they are vastly outnumbered

Very well put!

It is not that simple. Look at Elon's achievements. Enough said!

He gets it somewhat correct, though there is no summation going on. Arithmetic plays no role in the consideration of values. It's strictly qualitative.

“I like broccoli now”

And not only this, sure, you can try and quantify which is more efficient, but the best part is that it doesn’t matter. It’s all “water time”, what matters is if it’s right? Is it right to have the one or the few dictate the millions/billions? To be ruled and dictated? End of story.

@HAX He’s not even crying ?

Economics is moving forward. It is predictive and advances with economic freedom. Capitalism is goods for the future.

🔥

He doesn't even mention how hot she is.

The 🏳️‍🌈🏳️‍⚧️🇺🇦🇪🇺EUSSR eurocrats🤡 will soon find out central planning won't work.

Hayek would spit on Jordan Peterson - Just like Lauren Southerns - it's a con mans 5th rate sale of snake oil and mattresses.

See locality is an illusion when all boils down to minimum action principle. On Bitcoin, the minimum action is miner effort to produce 20 picojoule of electricity in ASIC machine. This converts lights from visible 10-6 to invisible 10-15 computation; a non-local quanta. As most fundamental building block to life is non-local; So locality of experts is a perceived idea manifested in our conscioussness. I think his will change; as we adopt Bitcoin Standard.