Episode 191 - How to Spin Gold from Straw
On artificial scarcity
June 18, 201147m 5s
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About this episode
In Rumpelstiltskin, the miller’s daughter can rely on the magical dwarf to help her to spin straw into gold for the king. In reality there are no magical dwarves, but there are monopolistic cartel capitalists who have found the way to make the public pay through their nose for commonplace items. Welcome to the realm of artificial scarcity.
Topics
scarcityrumpelstiltskinmoneyeconomics