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Ep. 687: Peter Leeson Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Fallacy of Unconstrained Choice

CNN's John Sutter talks about the fallacy of unconstrained choice. He explains why some governments are high quality and others low quality. The U.S. government is extremely high quality, but other places don't function so well he says. If tomorrow in Texas, imagine that Texas seceded from the union? Do you think it would descend into utter chaos and disorder? Maybe you think some things wouldn't work as well.

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