Sovereignty: Requires Markets In Everything


  • Survival (competition)
  • Reproduction (Marriage)
  • Production (economy)
  • Commons (market govt)
  • Displute Resolution (natural law)
  • Group Evolutionary Strategy (Polities)

Hayek was right of course. He could have taken it even farther. But he was right.

The answer to Keynes(demand/spending) and Hayek(disinformation/misallocation) is solved by credit cards from the treasury – assuming liquidity isn’t predictable. It needs to remain a lottery of uncertainty. The problem they were struggling with was distribution. The financial system is a corrupt distributor, and state spending is even worse distributor of corruption.

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