
149. Superabundance with Gale Pooley
The Bitcoin Standard Podcast
What Is the Simon Early Bet?
Julian Simon bet on julene was one of the most important checks ever written in economics, says John MacIntosh. He and his colleagues looked at prices for 50 basic commodities from 1980 to 2018. They found that over this period of time, these time prices had fallen by 71 percent. That means is for the time it takes you to buy one of these in 1980, you get almost three and a half of them in 2018. Your personal abundance had actually increased by 252 percent.
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