property: Hernando de Soto on Derivatives & The Function of Publicly Available Property Documentation

One of the great economists of our time, Hernando de Soto, explains how markets and capitalism depend on public documentation, and how the publicly undocumented derivatives industry has thrown sand in the global system of capitalism:

If you think about it, everything of value we own travels on property paper. At the beginning of the . . . → Read More: property: Hernando de Soto on Derivatives & The Function of Publicly Available Property Documentation

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You cannot improve a signal if you do not know what it signals. — F. A. Hayek

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