Another episode awaits! Episode 17 is our introduction to Catallactics. In it, we defend the idea that men are always acting maximize profits, but show how the mainstream “economists” actually misunderstand this concept and create a fallacious idea to which they base it as an ethical standard to strive for. It’s a bit of a breather episode, but it’s preparing us for understanding the direction we will go in in order to fully grasp how the market works!
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Check out this youtube video. I explain how the value of money is a function of human labor. You will have to cut and paste it into your search window. http://www.youtube.com/watch?v=JwKRREOlqJc