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The Bitcoin Standard Podcast
The Importance of Opportunity Costs
Human time is the only thing that is genuinely scarce because we can make more of pretty much anything. We're not running out of anything material anywhere in the world, says David Frum. Even if we have everything available to us materially, we still can only spend our time in one thing or the other. And so there's always an opportunity cost to everything that we do and that is the cause of scarcity.
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