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by monero-xmr
942 days ago
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I wasn’t literally saying they should gamble their house rather than start a restaurant. My point is that we let people make all sorts of terrible financial decisions. Letting the government start to decide which decisions are worse than others, and ban them, is a slippery slope. |
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Gambling has in most societies throughout history been recognized as particularly pernicious. Early data from our recent experiments with loosening regulations seems to provide evidence that gambling produces significant externalities that need to be dealt with through some non-market means.