Comments by "Hermit Oldguy" (@hermitoldguy6312) on "The 1 Basic Economics Principle People Misunderstand" video.

  1. Bingo. You can't have a fair system because nobody wants a fair system - everyone wants a little more, or a lot more.
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  2. You question is better phrased as "how does one create wealth"? 1.Invest things that are cheap eg, time and skill, to transform low value items into high value items. Eg., take a lump of stone and hammer it into the shape of a building block. 2. Move goods from where they are common (low value) to where they are rare (high value). Eg, Spanish oranges to UK, African bananas to Norway. 3. Dig it out of the ground.Eg., gold, diamonds, oil, etc. 4. Get your friends to talk you up. Then you can ask a much higher price for your inexpensive goods. Eg., dresses, paintings, music. Once you've created some wealth, you can invest it in more expensive ventures, eg smelting ore to make iron. And invest those profits in even more expensive ventures, eg railways.
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  3. Because States are criminal in nature and intent.
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  4. "Making people work for you" is slavery. Itym employ people.
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