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Ep. 2014 Economic Fallacies Everyone Believes

The Tom Woods Show

00:00

How Does an Economist Navigate Us Out of That?

Sa: It's been hard for people to conceive of the possibility that there could be an exchange where both parties benefit. Sa: When you see a situation that appears exploiative, you ought to stop and think. During the industrial revolution, why did workers flock to the factories from the fields? In a nutshell, it was because they promise safer working conditions even if those were not safe or high relative to the first 20th century.

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