There was inevitably going to be a post missing for one of the lessons given how busy I’ve been in these past few months. BUT I NEVER would have thought it was going to be on my favorite topic in the science of Praxeology! Episode 13 was one of my favorite lessons to cover because I find the concept of Capital to be crucial to understanding what exactly it is that contributes to growing our economy and helping pull people out of poverty.
Without saving, we would essentially be no better off than our primitive ancestors! It’s precisely those who consume less than their neighbors who contribute to our well being as a society. This concept can become bastardized and attacked by people who don’t really understand what it really means to build capital. I hope you guys like the lesson.