startt think libra could without facebook being a part of it.u it is not one overly among equals. attemptsmagine all the to get to regulatory hurdles are not being paid for by the libra association, but facebook. romaine: let's talk about how it fits into your own prior work. joe: you have written this book recently, the code of capital. muchrgument is there is so inequality because governments define what can be used as capital, collateral, and all those are legal choices, not handed down from a tablet on a mountain. when you look at the prospects of a company as large and powerful as facebook issuing its own currency, does that fit into a general pattern you have seen in terms of who gets to define and what is capital and money? >> having written this book made me alert to something like libra, but what i do describe in the book is that the state of our legal institutions are being used and put together by private attorneys on behalf of private clients. , andare using state law private parties can avail themselves of power to organize their ho