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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 Welfare Under Government in the United States

"You're engaging in magical unicorn thinking with the rainbow coming out of your rear, because you're living in a world without constraints," he says. "When you commit these dual fallacies...you're pretending like it's possible to have something available that isn't possible." The relevant consideration is which is better, the Schwann or the Honda, not which is better,. David Frum: We should consider how welfare under government compares to anarchy in Somalia.

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