Tuesday, October 31, 2017
TCR Thesis #74 - Gambling
Gambling is a substitute for the risk/reward of trade. Gambling is win-lose whereas free trade is win-win.
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The printing press in the age of the Reformation enabled a few to publish to the masses, thereby bypassing the monopoly of the priesthood. The Internet in this age of information enables anyone to publish to the masses, thereby bypassing the control of leaders, publishers and marketers.
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