New Bombthrower piece:

Incentives Are Everything

(But elites act as if individual incentives are irrelevant).

https://bombthrower.com/how-incentives-are-expressed-at-a-macro-level/

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Discussion

Very good article Mark. I've been thinking about this a lot lately. I believe incentives and jurisdictional arbitrage will play a huge role in avoiding going to war with the elites, Bitcoin being a key player in both of those. But I worry Canada is to far gone to gone to have that tubulant but peaceful transition.