~ John Stossel, "In Defense of Capitalism," Stossel TV, 4:00 mark, June 18, 2019
Feb 22, 2022
John Stossel on the win-win nature of voluntary exchange
We see this every time we buy something. The seller's there for his own self-interest and so am I. So why do we both say, "thank you." Because he wanted the dollar more than he wanted the pretzel. I wanted the pretzel more than the dollar. The transaction doesn't happen unless both of us think we win. And that way, voluntary transactions create wealth.
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