Damus

Recent Notes

jsr · 74w
Most folks don't love security theater & everyone has had a bad time at a screening checkpoint. So, let's think for a second about hypothetical private-#TSA companies. I'd expect them to gravitate t...
ne cede profile picture
Horrible take. The state has no incentive to make the process better for the consumer. You’ve created a number of straw men arguments to suggest that the state can do it better. Why wouldn’t the tsa also resort to the methods described? The tsa is violating the 4th amendment with every passenger. Flying is a govt controlled industry that’s inevitably getting worse over time. There is no longer any innovation and the incentive system is broken.
EDJ · 91w
Right. So interest would be paid on loans because the lender is at risk of default. But unlike with fiat, there is no one to bail you out if this does happen. No FDIC insurance if the bank blows up. No click of a button to reimburse you in case things go belly up. You'd have to ask yourself whethe...