Thread: Fiat money
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Old Nov 11, 2009, 09:00 am   #12 (permalink)
grandpa
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Quote:
Quote by: soothsayer View Post
Everyone arguing about politics today should give the following some thought:
Property rights are the foundation of money, Mises argued. Property rights provide the legal setting for voluntary exchange.
"Legal" means, of course, the "public" setting. So the public pays for privatization.

Grandpa h.


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