How does the theory of voluntary transactions account for, say, Bernie Madoff?
Madoff committed fraud.
If you give me $1,000 for a ring that I tell you is platinum and it ends up being silver I have violated our contract.
Maldoff did not simply manage peoples money ineptly he stole it.
How does the theory of voluntary transactions account for, say, Bernie Madoff?
Madoff committed fraud.
If you give me $1,000 for a ring that I tell you is platinum and it ends up being silver I have violated our contract.
Maldoff did not simply manage peoples money ineptly he stole it.