4min chapter

The "What is Money?" Show cover image

Why Freedom Matters with Neil Oliver (WiM237)

The "What is Money?" Show

CHAPTER

The Importance of Happiness and Property

The two words properly and property have the same root, which is what it makes you wonder about Bill Gates laying claim to 250,000, 260,000 acres of farmland in the US. There's obviously a subjective value judgment to that word proper, putting it to its highest and best use or what have you. And back on the Magna Carta, the US Constitution, obviously, is the child of the Magna carta. We got life, liberty, and pursuit of happiness. I think we really screwed up that third one, probably as it relates to just our idiosyncratic historical thing with slavery and whatever else.

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