2min chapter

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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

What Is a Market?

When we look at the entirety of human society, you think of them as just a bunch of individuals running around. There's a coincidence of both the wants they have and the capabilities they have in order to create a system that kind of exchanges those things. A market is just the name for the naturally emergent phenomena of people voluntarily exchanging things.

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