WiM046 - The Hillebrand Series | Episode 1 | Praxeology and Property
The "What is Money?" Show
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What Is Property?
Every sovereign individual by himself can locate those scarce resources that he has justly acquired. But this is not an unalienable right like your free will, but rather an alienable right that you can give away to others. And so what happens in free exchange amongst individuals? Its not that we physically exchange goods and services at the same time. It's more about that social construct over who has actually the right to use these resources,. transfer of titles makes property rights such a massive innovation.
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