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170 – By George, The Rent Is Too Damn High!

The Bayesian Conspiracy

CHAPTER

The Definition of Capital

If all you're doing is like smashing stuff or playing sports, right? Like you're exerting yourself there and you're having fun. You can just waste effort. And that's not labor. But if I gave you $10 to do it, then we're talking wealth. No matter how much money you paid me to do it,. actually, there would be no creation of wealth. Jase: "Capital" is the wealth devoted to procuring more wealth.

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