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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 Importance of Somali Customary Law

Somali customary law incentivizes the behavior of other members, people around you. So he created the following rule: If anybody's cell phone goes off in class, the person sitting next to them gets an F. That's kind of like leveraging the logic of this diet thing that I've been talking about. The question is whether or not it's possible for an utterly stateless society to outperform one with government does such a unicorn exist? And the answer is yes and it probably isn't a unicorn,. which is the same problem, it isn't that rare.

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