Specialization

Today on the show, we visit a company called Monoprice. And we go into a room where people sit all day and try to make stuff get cheaper.

I spent 6 months and $1500 to completely make a sandwich from scratch. Including growing my own vegetables, making my own salt from ocean water, milking a cow to make cheese, grinding my own flour from wheat, collecting my own honey, and killing a chicken myself.

Designer Thomas Thwaites explains what compelled him to build a toaster, literally from the ground up.

In this Economics Made Easy video, we talk about the history from where we started to where we are today, because of the economic boom of wealth in our modern society.