Voluntary Exchange, Anti-Gouging Laws
Michael and Russ discuss the concept of voluntary exchange and the implications of anti-gouging laws. They explore the idea that exchange should be truly voluntary and how restrictions on voluntary transactions can actually make people worse off. The conversation delves into the underlying distribution of wealth and power and the potential benefits of exchange that is not truly voluntary.In this clip
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EconTalk
Michael Munger on Exchange, Exploitation and Euvoluntary Transactions
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