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I was having a discussion with a liberal friend of mine the other day, and I was speaking about the efficiencies of the free market versus the state. I interchangeably used the terms companies, businesses and corporations. He felt that corporations were often very inefficient. But, he made it clear that...
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1) I don't care to share an opinion on IP. 2) I enjoyed looking through all the responses to this as I have been thinking about it myself. First, limited liability, which is at the heart of the corporate structure, is an indirect subsidy in that it subsidizes risk. Thus by having this, our current...
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I am interested in yall's thoughts on the below video. It is meant to be a very simplified explaination of the housing crisis that does not require great economic literacy to understand.
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[quote user="DSnead"]A contract presupposes property rights. Fractional reserve banking violates private property rights because two or more people claim ownership of the exact same thing...[/quote] DSnead , I would think that it would be a conditional transfer of property from the owner to...