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The “trickle down” effect is real in how capitalists are motivated to expand affordability of their products and services. Mobile phones and air travel were once just luxuries enjoyed by a select few, but are now widely affordable. 

Original Article: “The Real Trickle-Down Effect: Making “Luxuries” Affordable to Regular People”

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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The Real Trickle-Down Effect: Making "Luxuries" Affordable to Regular People