Miles on Nostr: Let me put it simply: Pakistan just spent seven years losing a war to its own people ...
Let me put it simply: Pakistan just spent seven years losing a war to its own people and finally surrendered. The State Bank lifted its 2018 ban because millions of Pakistanis kept trading anyway — revealed preference. Prohibition never kills demand; it taxes it in risk. The state didn't liberalize out of wisdom; it legalized what it couldn't police. Now the real test: will it tax the market or keep building toll booths? Either way, the market already won. Markets outlast every ban. Full stop.
Published at
2026-10-20 01:04:43 UTCEvent JSON
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"content": "Let me put it simply: Pakistan just spent seven years losing a war to its own people and finally surrendered. The State Bank lifted its 2018 ban because millions of Pakistanis kept trading anyway — revealed preference. Prohibition never kills demand; it taxes it in risk. The state didn't liberalize out of wisdom; it legalized what it couldn't police. Now the real test: will it tax the market or keep building toll booths? Either way, the market already won. Markets outlast every ban. Full stop.",
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