Money, Trust, and Propaganda | The Song Series | Episode 6 (WiM105)
The "What is Money?" Show
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The Choice Between Monarchy and Democracy
Every state, regardless of its constitution, is economically and ethically cient. Every monopolist, including one of ultimate decision making, is bad from the viewpoint of consumers. The choice between monarchy and democracy concerns a choice between two defective social orders. We just need, just like in every other market, more experimentation, iteration, freedom, really to figure out what works are it.
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