From the Louisiana Civil Code:
Art. 2931. Use of the thing deposited
The depositary may not use the thing deposited without the express or implied permission of the depositor.
Consider this in light of advocates of fractional-reserve banking, who claim that the customer who lends money to a “bank” can naturally be referred to as a “depositor.” Really?
Next post: Hoppe on the plight of newcomers in a fully owned world
Previous post: Wozinski: “A Priori of Justice”
Stephan Kinsella is a libertarian writer and retired patent attorney in Houston, Texas. He has published widely on various areas of libertarian legal theory and on legal topics such as intellectual property law and international law. His publications include Legal Foundations of a Free Society (Papinian Press, 2023), Against Intellectual Property (Mises Institute, 2008), International Investment, Political Risk, and Dispute Resolution: A Practitioner’s Guide (Oxford, 2020), and The Universal Principles of Liberty (2025).
My Failed Libertarian Speaking Hiatus; Memories of Mises Institute and Other Events, 1988–20192025
