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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
Government Is a Protection Producing Enterprise for the Economic Surplus
When people begin to trade, they create what's called the division of labor. It basically means you're better at making hats, I'm better at making boots. So we become collectively more than the sum of our parts through trade. And that's why human beings do trade because we become more energy efficient as a result. The problem has been that the protector tends to be in a monopolistic position.
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