The Tom Woods Show Ep. 2684 Politics Stinks, But Do We Need It Anyway?
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Aug 22, 2025 Bruce Fenton, CEO of Chainstone Labs and a former U.S. Senate candidate, dives into the complexities of political engagement and whether it benefits libertarians. He shares insights on effective grassroots activism versus disengagement and reveals his investment strategies featuring Bitcoin, gold, and index funds. Fenton offers eye-opening observations about Saudi Arabia, challenging stereotypes while discussing its unexpected libertarian elements. This engaging conversation navigates the intersections of culture, finance, and political philosophy.
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Ambivalence About Political Engagement
- Bruce Fenton is torn between opting out of politics and engaging to try to change the system.
- He ran for Senate because he felt the world was worsening and wanted to try despite limited power.
Power Of Concentrated Communities
- The Free State Project created a practical, place-based strategy to concentrate liberty-minded people.
- Bruce says that concentration produces meaningful legislative influence and mutual support.
Be Skeptical Of Stablecoins
- Bruce explains stablecoins: digital tokens pegged one-to-one to fiat like the US dollar.
- He warns they merely digitize a broken fiat system and are not a real monetary alternative.