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People Produce and Sell In Order to Buy and Consume. Political Borders Do Not Alter this Reality.

Tweet [1]

In this brief and crystal-clear video, Marty Mazorra nicely illustrates one of chief insights of the economics of trade in a world with multiple nation-based (or region-based) monies [2].  (And I thank him for plugging my 2008 book, Globalization [3].)