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	Podcast:		EconTalk Archives, 2008
	Episode:		Munger on Middlemen
	Category:		Education
	Duration:		01:12:35
	Publish Date:		2008-10-27 08:40:00
	Description:		Mike Munger of Duke University talks with EconTalk host Russ Roberts about the often-vilified middleman--someone who buys cheap, sells dear and does nothing to improve the product. Munger explains the economic function of arbitrage using a classic article about how prices emerged in a POW camp during World War II. Munger then applies the analysis to the financial crisis.
	Total Play:		0