For me, the concept of anarchy is the concept of private property.
PROPERTY RIGHTS, CAPITALISM, AUSTRIAN ECONOMICS & THE STATE - Saifedean Ammous (Bitcoin Talk on THE Bitcoin Podcast)
"if you come through the Bitcoin rabbit hole, the first mind blowing thing from the Austrian perspective is the fact, hey, you actually don't need to be printing money all the time. Money can work even if the supply is fixed , believe it or not."
- On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Saifedean Ammous
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2 So the extent to which the state exists is the extent to which it violates property rights, 3 because the state is not a productive institution, because it does not receive its money voluntarily.
5 So nobody paid them for any of the bullshit that they're doing for you.
6 And that's why they suck at it, because they don't own that stuff, so they don't know how to perform economic calculation.
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So the extent to which the state exists is the extent to which it violates property rights,
because the state is not a productive institution, because it does not receive its money voluntarily.
It receives its money coercively.
So nobody paid them for any of the bullshit that they're doing for you.
And that's why they suck at it, because they don't own that stuff, so they don't know how to perform economic calculation.
There's levels to the game of how far you get along with Austrian economics.
And I think, you know, if you come through the Bitcoin rabbit hole, the first mind-blowing thing from the Austrian perspective is the fact,
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"if you come through the Bitcoin rabbit hole, the first mind blowing thing from the Austrian perspective is the fact, hey, you actually don't need to be printing money all the time. Money can work even if the supply is fixed , believe it or not."
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Saifedean Ammous
