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157. Law & Order in a Free Market w/ Edward Stringham

The Bitcoin Standard Podcast

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Pensions

I strongly advise my children about trying to do something like this, where you're getting obscene benefits that you wouldn't really get in the free market. A lot of these things looked a lot more attractive on paper 10, 15 years ago than they do today. I think inflation is a serious problem here. And there's always the risk that eventually you're lending to an entity that is not very financially and fiscally responsible. The taxpayer has to pay the costs.

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