February 27, 2006

Quote of the Day

Property "rights" are basically an epiphenomenon arising from respect for voluntary agreements. As such, if a society doesn't respect voluntary agreements, private property doesn't last long. You can't even decide who owns something unless voluntary agreements are respected.

Perry Metzger, by permission, from a private mailing list

Posted by Russell Whitaker at February 27, 2006 06:54 PM | TrackBack
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