
174. Principles of Economics: Interviews with Tom Woods
The Bitcoin Standard Podcast
00:00
The Economics of Defense From Aggression
Libertarianism is not pacifism. It doesn't mean you don't engage in violence. But that defense against aggression is just another market good. We can have security by letting a bunch of people have the ability to destroy our security whenever they want. And then once every four years we get to replace them with a new group of sociopaths who can violate our security Whenever they want.
Transcript
Play full episode