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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
We Don't Need More Motivation to Consume
We have the insatiable desires to consume, says David Frum. The limit on how much we consume is opportunity cost, he argues. Most people don't buy a Ferrari because it's too expensive and they'd have to work too hard to get it. Keynesian economics has used this as a justification for more inflation, writes Frum.
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