The Case for Free Markets - Populist Conservatism #3

The first lesson of economics is that people respond to incentives. This video analyzes capitalism and communism through the lens of punishment and reward and reveals the inner workings of the invisible hand.

Chapters
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0:00 People Respond to Incentives
3:30 The Horrors of Communism
6:16 More Unintended Consequences
8:04 Supply and Demand
13:44 Arbitrage and Speculation
21:10 Rent Control
26:45 The Minimum Wage