S E14: Gains From Trade - Why Ringo played the drums
Think Like An Economist
Trade Is About Making Sandwiches and Podcasts
Trade is about getting the important work of sandwich and podcast making done by the person who can do it at the lowest opportunity costs. Nas: You should spend more time making podcasts, while some one else spends more time making sandwiches. So it sounds like your saying, i should focus on what i'm best at and pay for the rest. Pretty uch? That's really what trade is about.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
