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Ep. 272 More on Voluntary Law, and Comments on the Open Borders Controversy

Bob Murphy Show

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The Resilience of Arbitration

If you are a big company, your reputation is going to matter at least in certain circles or else that's going to really hurt your business. They're the ones whose opinion matters because they're not going to do business with you and you see what I'm saying? So yeah, it's not perfect, but the current system isn't perfect either. In this one, there's a lot of built in self correcting mechanisms that even if it's something shady, it gets isolated and fixed more quickly.

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