Episode 253: Tradeoffs, Lockdowns, Climate Change, and Free Stuff
Words & Numbers
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Why Markets Are Perfect Solutions for Anything
In China and North Korea, it's not in anybody's immediate self-interest to grow food with gusto. One of the best stories I ever heard was about this farm in China. The people got together and they said, all right, what if we actually set aside a little bit for us? And you've incentivized people to look after themselves. Every time somebody looks after himself, beneficial things happen to the collective.
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