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Wager between Julian Simon and Paul Ehrlich

Julian Simon and Paul Ehrlich entered in a famous wager in 1980, betting on a mutually agreed upon measure of resource scarcity over the decade leading up to 1990.

Simon and Erlich agreed to bet on the price of several commodity metals. Erlich chose 5 metals: copper, chrome, nickel, tin, and tungsten. Simon bet that their prices would go down.

Julian Simon won handily.

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