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How so? I'd say worst of all worlds: little private infrastructure since governments are supposed to "handle" most of the risks we're dealing with, but their response leaves us scrambling to establish private mitigations to fill the void left by their incompetence/lack of action
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Damn, I was about to look that up when I got it. AnCap is my favorite brand of economic nuts, because they're creative & look at problems differently. No working examples, but then, what economic system has working examples?