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It’s funny how eager we are focused on our property rights ignoring the fact, that lately after Bretton Woods no natural prices exist. The value of our property rights is exclusively determined by the value of all other property rights as the Ricardian idea of a natural, intrinsic and therefore minimum price is blown away by an unfounded cash generation. A rage in discussion always rises with ideas of welfare contribution through legal reallocation setting the conflict into a separation of individual and social. The determination of our values is closer to probabilities with the point of reference of the…
