"The market is a democracy where every penny gives a right to vote"
Frank Fetter

"Private ownership must be considered as a guarantee of the essential freedom of the individual, and at the same time an indispensable element in a true social order."
Pope John XXIII

In his book "The Ethics of Money Production", first published september 2007, Jörg Guido Hülsmann recognised the difference between electronic money and payment channels, considering the former unlikely ever to be produced spontaneously in a free market.

Yet, after just over a year later, the unlikely happened, when Satoshi Nakamoto created Bitcoin: a Peer-to-Peer Electronic Cash System.

"The first and most fundamental principle, therefore, if one would undertake to alleviate the condition of the masses, must be the inviolability of private property."
Pope Leo XIII

So called "intellectual property" isn't actual property, which historically referred only to physical, scarce resources. Claiming ownership of an idea is nothing more than artificially granted power to tell people what they can or can't do with their own bodies or they stuff. Copying inventions or drawing from worldwide literature and music not only doesn't hurt anyone, as it doesn't deprive creators of their work, but it accelerates technological and cultural growth and benefits everyone.

Mises, for a classical liberal, had a clear vision of what state is. He wrote:

"Government means always coercion and compulsion and is by necessity the opposite of liberty."

"Modern civilization is a product of the philosophy of laissez faire. It cannot be preserved under the ideology of government omnipotence." Ludwig von Mises

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