202. CAPITAL: Principles of Economics Lecture 6
The Bitcoin Standard Podcast
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The Importance of Capital in Increasing Productivity
This chapter explores the importance of capital in increasing productivity and allowing for the production of goods that would not be possible without it. It emphasizes that having capital not only enhances productivity but also enables the creation of new and improved goods. The longer the production process and the more capital deployed, the higher the productivity of labor, leading to a larger margin of safety and reducing the risk of poverty and starvation.
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