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Why do we exchange things? Because it makes us happier.

Via LearnLiberty, Why Do We Exchange Things? The answer is simple. In voluntary exchange, both parties benefit. We exchange things because it makes us happier. Gifts are often wonderful but the giver’s reward is the warm glow of altruism. Only the recipient is better off and only if they received something […]

Read More Should we End the Fed?

Another excellent video from, in which Lawrence White concludes it would be dangerous to leave the control of money with the same institutions which caused the present crisis, hoping they will do better in future: What would it mean to “End the Fed?” Free banking expert and professor Lawrence […]

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Ending crony capitalism – how markets work

Crony capitalism — businesses capturing the state for commercial advantage, serving politicians and officials instead of the public — ought to be brought to an end. A prerequisite to that is a good understanding of how social cooperation in the market works. Israel Kirzner’s, How Markets Work: Disequilibrium, Entrepreneurship and […]

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Via LearnLiberty – Social Cooperation: Why thieves hate free markets

Via And also: Society is concerted action, cooperation. Society is the outcome of conscious and purposeful behaviour. … Individual man is born into a socially organized environment. In this sense alone we may accept the saying that society is–logically or historically–antecedent to the individual. In every other sense this […]

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