The Answer Is Transaction Costs

Permissionless Innovation: Unshackling Potential or Unleashing Chaos?

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Nov 21, 2023
Adam Thierer, senior fellow at the R Street Institute, explores permissionless innovation and its impact on society. The podcast discusses cultural attitudes towards innovation, obstacles faced by permissionless innovation throughout history, the importance of trial and error, talent migration and capital investment in innovation, the concept of intransitive preferences, and the benefits of transaction costs in protecting people.
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