#418: A First Principles Breakdown of the Monetary Crisis with Peter St Onge
TFTC: A Bitcoin Podcast
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The Impossible Problem With Financial Regulation
"Most of them have never actually worked today in their life. They don't know how to solve these problems," he says. "Once you have power, there are only two ways to wield it either ignorantly or corruptly." He suggests letting entrepreneurs create products and let the tort system handle any kind of fraud or violence.
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