How transaction costs can block trade, and intermediation can keep it going — even in a POW camp. Watch more with Dan Russell: https://www.youtube.com/watch?v=_sLET3sqMgU
Russell, Daniel. “Transaction Costs and Intermediation.” YouTube. Learn Liberty, 29 June 2017.
I Bet You Thought You Were Supposed to Hate These Guys (video): Professor Steve Davies argues that ticket scalpers and middlemen play an important role in the economy. https://www.youtube.com/watch?v=b3xlLIpJF54
Defending Middlemen (article): Professor Don Boudreaux argues that middlemen are “woefully misunderstood” and provide greater accessibility to products than the producers themselves are able to provide. http://cafehayek.com/2016/09/41401.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29
What Do Banks Do? (video): One common type of intermediation is financial intermediation. Professor Alex Tabarrok explains how banks help connect savers and borrowers. https://www.youtube.com/watch?v=sbvAAezbCKU
For a full transcript please visit: http://www.learnliberty.org/videos/transaction-costs-and-intermediation
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