Contrary to what many libertarians believe, there is such a thing as "regulation" in an Ancap society—it's just way more efficient and market-driven than government regulation. It’s not like anyone can just keep a nuclear bomb in their mom's basement. because no insurance company would cover that! On the other hand, some weapons are only used for defense, so insurance companies would charge much lower premiums for people owning those. #grownostr #Ancap

Last week I read "Chaos Theory" by Bob Murphy, which has two essays: "Private Law" and "Private Defense." The first one is super convincing—like, it could even turn a fair-minded commie into an Ancap! The second essay is good but not as strong; I think it struggles with the Free Riding problem. It would’ve been more compelling if Bob had framed it like, "Imagine there are ten thousand Liechtensteins in Europe," and then brought in private armies and insurance companies to avoid geographical free riding. Still, I definitely recommend reading it. Check it out here: 📄.pdf #grownostr #ancap #libertarianism