This is part one of a two part series dedicated to better understanding economies. In this episode, Nathan starts by examining the effects of minimum wage laws and wether or not they actually solve the problem of poverty and income. Then, he explains some economic fundamentals like the division of labor and the theory of property rights. Lockean homesteading principles are also examined, although, not to the fullest extent. In part two, we will expand further. Bitcoins and the Federal Reserve are compared and contrasted. Welfare and poverty are examined, both for causes and solutions. And a lot more. Because the subject matter on this topic is so vast, the next episode, to be aired on December 22nd, will expand and conclude the arguments made for free markets brought up in this weeks episode.

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