2min chapter

The "What is Money?" Show cover image

Praxeology: The Study of Human Action with Knut Svanholm (WiM332)

The "What is Money?" Show

CHAPTER

The Border of Private Property

My selfishness ends where your selfishness begins, right? This is the boundary of private property. It's like, did you consent? Did I consent? Then it's a valid transaction. If either of us don't consent, then it's, it doesn't, there's no transaction. And also like when you buy something and you haggle with someone, and they look really, really disappointed when you walk away with a good, that's always fake. Because the transaction would not happen if the people were happy about it. So there's no such thing as an unsatisfied customer. Ever. Right. Like everyone, well, you can figure out that the product was faulty

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