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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 Customary Law in Somalia

In Somalia, under their customary legal system, your entire clan has to pay a price. We don't lock up the guy who committed the murder. In fact, make an economic transfer in order to make things right. There's a collective aspect. It's not just the man who committed the crime; it's all of his clan. He creates very strong incentives. I think Eric's a little bit shady, which I do think.

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