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4 Essential Functions of Government according to Milton Friedman:
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4 Essential Functions of Government according to Milton Friedman:
1) Defense from foreign enemies.
2) Protect the individual citizen from abuse/coercion by other citizens.
3) Define the rules.
4) Judicial System: Mechanism for adjudicating disputes around the meaning of rules.
btc
(
twitter.com)
00:01:58
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Anyway, I don’t see why people are really panicking about this so much. It is clearly a self-correcting problem.
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Anyway, I don’t see why people are really panicking about this so much. It is clearly a self-correcting problem.
The same moral panic did not exist when ICP went from 300bn FDV to 3bn FDV, despite it being a relatively slightly more sophisticated capital extraction exercise.
btc
(
twitter.com)
•
Cobie
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