Read_919 - Frédéric Bastiat: The Unseen Role of Intermediaries

"What role do intermediaries—such as merchants,
distributors, and traders—play in the market? Far from being mere
profiteers, these intermediaries play an essential role in the
division of labor. Without them, society as a whole could not
function."
~ Ulrich Fromy


I dig into Bastiat’s forgotten defense of “middlemen” and ask:
are banks, platforms, and merchants really the villains, or is
the problem that we let them own the networks they run on? Using
Bitcoin, Lightning, and Nostr as examples, I explore whether we
can keep the convenience of intermediaries while stripping them
of control—and what it would actually take to build that world.


Check out the original article The Unseen Role of
Intermediaries by Ulrich Fromy. (Link:
https://mises.org/mises-wire/frederic-bastiat-unseen-role-intermediaries)


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