Question: Does fraud require deliberate deception? Some libertarians, most notably Walter Block, have tried to argue that fraud does not require deliberate deception. For example, argues Block, if I tried to sell you a square circle, and I believed that square circles existed, and so did you, and you agreed to the transaction, then, since square circles do not actually exist, this would still count as fraud, even though no deliberate deception has taken place. Block has used this argument to indict fractional reserve banking, by arguing that it still counts as fraud even though all parties are knowingly consenting. Is he talking rationalist nonsense?

Tags: Business, Deception, Finance, Fraud, Government, Honesty, Law, Rights

Question: Should financial companies be permitted to offer financial products consistent with sharia law? Sharia Finance – meaning, investments that specifically conform with Islamic law – are growing in popularity and have been adopted by major financial companies like Citi. Should these private businesses be legally permitted to offer whatever their clients want to buy? Or should these investments be banned due to their connection with funding terror, oppressing women, and violating rights in other ways? Morally, should companies offer these investments? Should people protest or boycott companies offering them?

Tags: Business, Ethics, Finance, Islam, Law, Religion

Summary: Financial markets are often vilified – and misunderstood. How do financial markets work? What impact do they have on the economy? Are they dangerous – or beneficial? What is the government's current versus proper role in financial markets?

Tags: Economics, Economy, Finance, Law, Politics, Productivity, Rights, Trade