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Private property is a very fundamental and very long-term institution. ↗
#institution #long-term #private #private property #property
Well, we don't think for a moment that either the U.S. or Australia are out to damage the New Zealand economy, but if there were a sustained period in which they had a free-trade agreement and New Zealand didn't have that same arrangement with the States, that could be both trade- and investment-distorting. ↗
#arrangement #australia #both #could #damage
