Bonus Quotation of the Day…

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… is from pages 180-181 of the original edition of Robert Higgs’s great 1987 book, Crisis and Leviathan:

A market system rests on an indispensable foundation of private property rights. These are the effectively enforced expectations of private citizens that they can (1) personally own property, including their own bodies and labor power, and exclude all others from deciding how the property shall be used; (2) appropriate the income and enjoy any other benefits yielded by the property; (3) transfer their rights freely to others by mutually satisfactory contractual agreements.