Robbie Maltby

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The larger the extent of the market with which individuals can trade, the more specialized they can be in their production, and the larger their gains from trade. The same amount of labor expended working in a primitive economy of 10 people would lead to a far lower material living standard than if it had been expended within a larger market of 1,000 or 1,000,000 people. The modern individual living in a free-trading society is able to work for a few hours a day in a highly specialized job, and with the money she makes she is able to purchase the goods she wants from whichever producers in the ...more
Robbie Maltby
Farming
The Bitcoin Standard: The Decentralized Alternative to Central Banking
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