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The Red Dots Three, Parsley, and Counting Sheep

The Answer Is Transaction Costs

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The Cost of Living in a Condominium

When I moved to a condominium, my neighbors would complain about our HOA fees. JK writes: Could you extend this as an argument against anarchy? One could individually contract for all of those services. Or you can subscribe to a big Randy Barnett style super HOA. That would have fewer transaction costs, but might start to resemble a government.

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