Some Transactions Are Zero Sum

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“But only redistributive processes are zero-sum games; protective tariffs, mortgage subsidies, and armed robberies all transfer wealth forcibly from one person to another. Economic transactions are voluntary exchanges, which means that both parties perceive themselves as benefiting. A given economic transaction is zero-sum only if one party has miscalculated or been deceived” (Herbert Schlossberg, Idols for Destruction, p. 128).

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