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Ep. 307: Bryan Caplan Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Differences Between Democracies and Dictatorships

Dictatorships tend to outperform democracies in terms of economic performance. Dictatorship is a huge gamble, can pay off and does. But there's not only no guarantee, but a strong reason to fear that the next person around is going to be awful. China would have been better off if they just had muddled through with some mediocre democracy for 100 centuries since 1913.

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