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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Are There Domains in Which the Free Market Gets Itself Into Trouble?
In theory, there is a feedback accountability mechanism for the solution that you propose and enforce by placing a gun to people's head. So it's just a different selection mechanism. And I think I personally believe it is a selection mechanism that has worked in the past. It just often does not work and nearly as well as a free market.
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