Marxists love to preach that labor is the source of all value. But here’s the truth: the Labor Theory of Value has been debunked for over a century. In this episode of Are You Smarter Than a Libertarian, Jeff breaks down why value is subjective, why mud pies are worthless, and why profits aren’t theft—they’re the reward for risk and innovation.If you’ve ever wondered why communists keep failing Economics 101, this is the episode you don’t want to miss.Available now on YouTube, Spotify, Rumble, Apple Podcasts, and iHeart Radio.

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