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How Do People Make Economic Decisions? | Matthew McCaffrey

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Uploaded on May 2, 2011

Presented by Matt McCaffrey at "The Miracles of Capitalism," a high school seminar hosted at the Mises Institute and sponsored by Dr. Don W. Printz on 29 April 2011.

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  • KagarBeardtooth

    19:00, that's the same example that Bob Murphy uses to explain unintended consequences. A good one, for sure.

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  • heckler73

    "What are the laws of free society?", might be a better question.

    Obviously, they believe in Contract Law, but what other ones?

    Can the market be the adjudicator of everything?

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    in reply to aristochat3 (Show the comment)
  • aristochat3

    How do we guard against becoming a free but litigious society?

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  • brown55061

    18:00 The government's monetary policies, by design, hurt the lower class that they CLAIM to be helping. One could debate whether they mean to make the rich even richer and the poor more poor but regardless, big government's over regulations lead to economical tyranny.

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