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The Most Successful Financial Project of All Time
The state exists for a very good reason, because it does the services very well. The central bank is one of those things that sustain quadrillions of dollars in private debt. It'sclear that you can replace any capacity with code. And then there's the public goods problem, which is really dear to my heart and i'm sure we will detimicate episode too. There's often discussion t web, three circles ad, quite a lot of it about public goods problems,. But it's not at all clear how they solve the free rider problem. I get thrown into the pot here without any explanation.