Thursday, November 26, 2009

How Private Property Saved the Pilgrims

How Private Property Saved the Pilgrims
"Today is Thanksgiving.
And there is no better time to remember an underappreciated lesson of the original Thanksgiving: that the Pilgrims nearly starved to death because of collectivism and eventually saved themselves by adopting a system of private property.
Economist Benjamin Powell tells the story here:"

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