Friday, April 14, 2006

Gains from trade in action

This is an amazing story. A guy began with a red paper clip, and through a series of trades, has turned it into a year in Arizona. But he's not done yet.

You know, people think capitalism is about big faceless corporations, but corporations are command and control, centrally planned economies. At its heart, capitalism is about voluntary, mutually beneficial trades. (Thanks Marginal Revolution)


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