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Quote by David D. Friedman

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David D. Friedman
David D. Friedman

David D. Friedman, born on February 12, 1945, is an accomplished economist known for his extensive research in the fields of law and economics. Friedman is renowned for his contributions to the theories of free markets and property rights. more

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“Any so-called 'radical' strategy that seeks to empower the disempowered in the realm of social reproduction by opening up that realm to monetisation and market forces is headed in exactly the wrong direction. Providing financial literacy classes for the populace at large will simply expose that population predatory practices as they seek to manage their own investment portfolios like minnows swimming in a sea of sharks. Providing microcredit and microfinance facilities encourages people to participate in the market economy but does so in such a way as to maximise the energy they have to expend while minimising their returns. Providing legal title for land property ownership in the hope that this will bring economic and social stability to the lives of the marginalised will almost certainly lead in the long run to their dispossession and eviction from that space and place they already hold through customary use rights.”

Property RightsMonetizationDispossession
Book:Seventeen Contradictions and the End of Capitalism
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“Property rights are the foundation necessary to explain the role of non-aggression. In other words, the non-aggression principle is simply another of way of saying individuals have a right against aggression from others as a result of property. Non-aggression alone does not tell us what property rights people have, or why they have these rights to begin with.”

Property RightsNon Aggression Principle
Book:Private Property, Law, and the State
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“Nowhere did our Founders lay out a plan for our government to attempt to ensure equal outcomes for citizens at the expense of those who excelled in the American environment of freedom and liberty. It was not their intent to create a system that allowed government to punish one class in order to unjustly reward another class to “level the playing field“ while at the same time buying votes.”

LibertyLiberalismAmerican HistoryProperty Rights
Author:Daniel Rundquist
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“It may be said very abstractly that in personality all persons are equal. But this is an empty tautological proposition, in logic identified with the law of mere identity or A = A. This is so because a person abstractly considered is not as yet separate from others, and has no distinguishing attribute. Equality is the abstract identity set up by the mere understanding. Upon this principle, mere impoverished reflecting thought, or, in other words, spirit in its middle ranges, is apt to fall, when before it there arises the relation of identity to difference. This equalit would be only the identity of abstract persons as such, and would exclude all reference to posession, which is the basis of inequality. Sometimes the demand is made for equality in the division of the soil of the earth, and even other kinds of wealth. The theory of a pious, friendly brotherhood of men who are to possess all goods in common, and to banish the principle of private ownership, easily presents itself to one who fails to understand the nature of freedom of spirit and nature of right, through mistaking their definite phases. Claims of a demand for equality in divisions of wealth are superficial, because the differences of wealth are due not only to the accidents of external nature but also to the infinite variety and difference of mental ability and character.”

Property Rights
Author:Hegel
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