This term in its particular application means “that dominion which one man claims and exercises over the external things of the world, in exclusion of every other individual.” In its larger and juster meaning, it embraces every thing to which a man may attach a value and have a right; and which leaves to every [...]
Category Archives: Private Property
The Death of Entrepreneurship
Here is a short video based on an new book entitled, “New Threats to Freedom,” published by Templeton Press which discusses how government regulation has the tendency to crush the entreprenueur and his ability to create wealth and jobs. Check it out.
Also posted in Individual Liberty, Tyranny Tagged Entrepreneurship, Government Regulation, Templeton Press 1 Comment
The Role of Private Property in a Free Society
By Peter Boettke, Ph.D. “The true foundation of republican government is the equal right of every citizen in his person and property and in their management.” –Thomas Jefferson to Samuel Kercheval, 1816. Few concepts have been more important for human survival, yet maligned as unjust by intellectuals, as the concept of private property rights. Since [...]
Also posted in Economics 101 Tagged Adam Smith, American Revolutionaries, Aristotle, Classical Economists, David Hume, Entrepreneurial, F. A. Hayek, George Washington, James Madison, Ludwig von Mises, Peter J. Boettke, Private Property, Private Property Rights, Scottish Enlightenment, Socialism, Thomas Jefferson, Wealth of Nations, Western Civilization 2 Comments
“The Practice of Contracting Debt” – Quote of the Day – David Hume
“The practice of contracting debt will almost infallibly be abused in every government. It would scarcely be more imprudent to give a prodigal son a credit in every banker’s shop in London, than to empower a statesman to draw bills, in this manner, upon posterity.”
Also posted in Economics 101, Public Debt & Taxation Tagged David Hume, Imprudent, Posterity, Public Debt Leave a comment
What Is Law? [Part 2] – Frederic Bastiat
…Thus, since an individual cannot lawfully use force against the person, liberty, or property of another individual, then the common force—for the same reason—cannot lawfully be used to destroy the person, liberty, or property of individuals or groups. [From Part 1] Such a perversion of force would be, in both cases, contrary to our premise. [...]
Also posted in Individual Liberty, Natural Law Tagged Individual Liberty, Justice, Private Property Leave a comment
Inaugural Post – Life, Liberty and the Pursuit of Happiness
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the [...]
