What Byrne Hobart Thinks About Everything — Part Two
Village Global Podcast
00:00
Toe Stepping
Coase says we should create some sort of property right in Toe Stepping and then decide who pays and how much they pay. But what Coase also admits is that the whole world doesn't function this way because transaction costs are too high. The crypto community often quotes, coasts, transaction costs as a way to remove them from society. How would you unpack that?
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