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Hate to disagree with you guys but if the state calls someone an illegal immigrant, then that's what that person is (under the law). The state makes the laws after all. Also, if travelling involves passing over someones property then travelling does indeed require permission.

I believe what he means is that before the fire, horses (as a category of goods) are less valuable than cows because there is a horse last on the list. Yes, horses hold the 1st and 2nd positions on the list, but they also hold the 5th position, and therefore as a category of good, that places them lower on the owner's value scale than cows. You

I have to get going, so I won't be submitting any more replies for a while. I'm sure others will as the day progresses.

Also, the term "rent seeking" in economics ( I think Filipe meant it that way) is usually used to describe a situation where someone is using the power of the state to capture wealth which would not be forthcoming through ordinary market transactions. Since we have said that CRUSOE Inc. is a contractual entity, rent seeking is not possible

Banks operating under a system of fractional reserve banking don't actually create new money. Instead, what they create is credit out of thin air. This has the same economic effect of monetary inflation even though there is no increase in the amount of money circulating in an economy. If you haven't already, you can read more about this in Jesus