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Right to Property

Wealth and Poverty: A New Edition for the Twenty-First Century

The great temptation and delusion of socialist regimes is to attempt to guarantee the value of things rather than the ownership of them. This was also the great mistake of the Bush and Obama administrations’ response to the crisis of 2008. Value depends on dedicated ownership. In the United States, until recent socialist slippage, the Constitution guarantees only the right to property, not the worth of it.

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