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174. Principles of Economics: Interviews with Tom Woods

The Bitcoin Standard Podcast

CHAPTER

The Economics of Energy

The economics of energy are an inseparable part of our economic decision making. If you want to understand how capitalism became possible, look at the amount of energy that human beings are able to consume because of the capitalist economic system. All humans had access to their own body's energy and only a very tiny small number of people throughout human history had access to other people's labor in the form of slavery.

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