> I would agree in any free society, where you can trust institutions to fix such mistakes when they happen, this risk of irreversible transactions is not worth the reward.
> But when the alternative is a dictator arbitrarily seizing/taxing your money, devaluing it through poor economic policies, the risk doesn't seem so bad eh?
I'm skeptical that reducing (at the margin) the pressure to transact via (and thus expand use of) free society's institutions is a particularly good side effect.
> But when the alternative is a dictator arbitrarily seizing/taxing your money, devaluing it through poor economic policies, the risk doesn't seem so bad eh?
I'm skeptical that reducing (at the margin) the pressure to transact via (and thus expand use of) free society's institutions is a particularly good side effect.