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Episode #082 ... Austrians and Marx

Philosophize This!

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The Diamond Water Paradox

How do we even know what a bag of charcoal is worth in the first place? Well, finding an answer to all these more specific questions is ultimately based on our answer to a much r simple question in economics. And because at such a simple question, i think, intuitively to us, it may seem like there must be a very simple answer to this question. But history, i guess, has proven otherwise.

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