A free market is self-regulating. Bad businesses fail, good ideas rise, and capital naturally flows where it’s most productive. But we don’t have a free market. We have an economy micromanaged by central planners who believe they can fine-tune it like a thermostat.
Every intervention—lowering interest rates, printing money, manipulating credit markets—pushes the system further from reality. Instead of risk being priced correctly, it’s subsidized. Instead of inefficiency being eliminated, it’s rewarded. Instead of capital flowing to where it creates the most value, it flows to wherever the government decides it should go.
This is how economies die. Not through a single catastrophic event, but through slow, creeping distortions that compound over time. Eventually, the weight of intervention overwhelms the system, and all the artificial “stability” evaporates overnight.
History is clear: no economy that suppresses free market forces can sustain itself forever. And yet, here we are—pretending this time is different.
Here's a fun chat I had about Trump's new meme coin on the @ProofOfPod1 show. What are these things? How should we think about them? We get into it all!
https://t.co/SesmVANQJh