Episode 243: The Nature of Exchange, pt. 1
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Trade Is Always Positive Sum
Everywhere you look on trade, it's always positive sum. And we know that exchange is always positive sum because if it weren't, the economy itself wouldn't exist. It seems to me that if it wasn't positive sum, there would never have been the first transaction. If that's true, then we'd all still be living in caves Because everything we have is built on that first transaction.
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