3min chapter

The "What is Money?" Show cover image

The Nature of Property | The Stephan Kinsella Series | Episode 2 (WiM216)

The "What is Money?" Show

CHAPTER

The Magic of Capitalism

Ono: We can have some normative arrangement like property, or you can just have he the fighting right to fighting over the stuff itself. And those two different modes of relating to scarce resources have significant impact on how much we're able to conquer scarcity and grow the pie. Ono: The only way to engage in these log term projects is to have stability of property rights. So societies that happen to set a settle upon more more lockyanty private property rules are going to be more prosperous than other areas which don't.

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