6min chapter

The "What is Money?" Show cover image

The Voluntaryist Handbook with Keith Knight (WiM352)

The "What is Money?" Show

CHAPTER

The State's Role in Protecting People and Property

An essay by Edward Stringham says that the state is not a unique protector of people's property. He argues that private companies can cooperate with each other to provide security in exchange for money. The author cites an example where encrypted files were stolen from a small business, and they couldn't be recovered until someone paid $200.

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