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211. Principles of Economics: A discussion with Cedric Youngelman

The Bitcoin Standard Podcast

CHAPTER

Principles of Power Diffusion and Market Dynamics

The chapter explores diffusing power in government through checks and balances, drawing parallels to market dynamics with companies like Apple and Samsung. It underscores the importance of customer choice as a check on tyranny and discusses how market feedback drives innovation. The conversation transitions to government structures, decentralization, and how small autonomous communities united under a common authority but with the right to exit can enhance accountability.

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