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Today's question comes from Justin in Minnesota.

Many people think that for a person to become wealthy, other people must lose wealth because it's a limited pie that is sliced up unequally.

I think wealth can be created through innovation, for example, and therefore not limited.

What is your opinion of this?

Well, Justin, you would be correct.

This is a great philosophical.

The pie theory is someone that is ignorant of basic economics.

The size of the economy shrinks.

That's called recession.

Grows.

Grows too fast and too much.

It's called inflation.

The economy is constantly growing in size.

The number of dollars moving around the economy today is way different than it was in 1776,

darling.

So this idea that we've simply been swapping of the slices of the pie around since 1776,

we would all still be living in log cabins shooting muskets.

That's dumb, okay?

Obviously, the economy, the size of it changes.

So you don't, if someone that believes that by taking, by getting money that someone else is being taken from automatically is a fixed pie theory and it just shows ignorance of economics.

It's so simple.

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