168. Available now: Principles of Economics!
The Bitcoin Standard Podcast
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The Economics of Violence
Defense is just another economic good. And it's a good that is provided on the market and there is a market for it. In reality, the vast majority of people's spending on defense is in a market. So already we know that there are more private policemen, private security guards in the world than there are public security guards that are policemen and military.
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