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To a Libertarian, It Is Unjust for a Society to Take

question 10

True/False

To a libertarian, it is unjust for a society to take wealth earned by one citizen and to distribute it to others who did not earn it.

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Definitions:

Savings Deposits

Accounts held at financial institutions that earn interest while providing funds liquidity with few, if any, restrictions on withdrawals.

Demand Deposits

Bank accounts from which money can be withdrawn at any time without any advance notice.

M1

A category of the money supply that includes all physical money like coins and currency, as well as demand deposits, and other liquid assets quickly convertible to cash.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money such as savings deposits, money market securities.

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