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Story and The Power of Control | The Stephan Kinsella Series | Episode 3 (WiM229)

The "What is Money?" Show

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What Is Psychic Profit?

The natural position Hans is talking about is aggression. He's blending in Austrian insights primarily Rothbard's utility and welfare economics. If you're opposed aggression, that implies property rights in your body. So if we just simply allow voluntary free trade, both parties from an ex ante point of view are subjectively better off,. they both achieve psychic profit.

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