“The market economy, and civilization itself, are predicated on the respect of property rights, as it is only when property rights are secure that individuals can accumulate any amount of capital significantly larger than what they can keep on their person for basic primitive needs. A society in which property rights are not respected is one where conflict is rife, and one where individuals cannot afford to think of investing their precious labor in the future, as all the property that can store this value is risky to own. Civilized society is only possible when the right to property in self and objects is widely respected, and individuals can expect to maintain their property into the future.”
Principles of Economics - saifedean (npub1gdu…6nak)
https://saifedean.com/poe
jon
npub1wtf…jjv2
2024-03-27 03:06:59
Author Public Key
npub1wtfnlhvhvm90lgsgyd6cu82tj3v429y7qkuu54srwzxpefppc2zq3cjjv2Published at
2024-03-27 03:06:59Event JSON
{
"id": "c04d7a0435fbdbc1f69e6c003900e5acd058008d15c66c037c82de72cff5d982",
"pubkey": "72d33fdd9766caffa20823758e1d4b945955149e05b9ca5603708c1ca421c284",
"created_at": 1711505219,
"kind": 1,
"tags": [
[
"p",
"4379e76bfa76a80b8db9ea759211d90bb3e67b2202f8880cc4f5ffe2065061ad"
],
[
"r",
"https://saifedean.com/poe"
]
],
"content": "“The market economy, and civilization itself, are predicated on the respect of property rights, as it is only when property rights are secure that individuals can accumulate any amount of capital significantly larger than what they can keep on their person for basic primitive needs. A society in which property rights are not respected is one where conflict is rife, and one where individuals cannot afford to think of investing their precious labor in the future, as all the property that can store this value is risky to own. Civilized society is only possible when the right to property in self and objects is widely respected, and individuals can expect to maintain their property into the future.”\n\nPrinciples of Economics - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak \n\nhttps://saifedean.com/poe",
"sig": "bb1c54542ea6646e26b2c89dc3d701547559fb86c31c578bfa606fa19a620f8e5ffe41e60e1ce2d6e4d6fecdc5b648035bf3966fec62e6e061bafde9affefdde"
}