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Why Central Planning Always Fails | The Aneesh Karve Series | Episode 4 (WiM265)
The "What is Money?" Show
Capitalist Profit Is Not Something Extra
"If you start increasing your own wealth position by stealing from others, that's when I think self interest crosses over into the domain of greed," he says. Mises: "Profit is not something extra. It is a measure of the efficiency of the process." If we don't put profits first, we're incentivizing inefficiency, according to economist John Maynard Keynes.
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