4min chapter

The "What is Money?" Show cover image

A Theory of Socialism and Capitalism | The Stephan Kinsella Series | Episode 1 (WiM207)

The "What is Money?" Show

CHAPTER

The Diamond Paradox Is a Paradox

The distinction between public and private property is often blurred. The declaration of something as a public good gives the government an excuse to take power, he says. He likens it to the diamond paradox: why would people value diamonds more than water? 'It doesn't make any sense,' he adds.

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