Ludwig von Mises, is another one of those great men who had a beautiful mind and a great soul like my father.
Mises explained the inherent fault in socialism in 1920 with one brilliant insight:
“Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation.”
Only humans calculate, and only humans calculate correctly when they’re calculating with their own money.
Printing “money” out of nothing distorts pricing mechanisms, obliterates the free market.
There is no true free market when someone can print “money” out of nothing.
If there is a Central Bank printing “money” out of nothing, it’s not a free market and it’s not capitalism.
The world has never lived under a global free market. It will with Bitcoin in everyone’s self-custody.
The world had only head local free markets which were all captured and corrupted by satanic money changers and central banks printing “money” out of nothing.