“Even in a hypothetical world in which nature provides every man with the means for the preservation of biological survival (in the strict sense of the term), in which the most important foodstuffs are not scarce and action is not concerned with the provision for bare life, the phenomenon of time preference would be present and direct all actions.”– Ludwig von Mises, Human Action
Let’s be honest, a lot of ideas are being tossed around in this video. Praxgirl does a great job at addressing each idea. I would not be surprised if it takes multiple viewings to grab them all.
The ninth lesson https://hessenflow.wordpress.com/2011/08/20/praxeology-uncertainty/