fair exchange is no robbery

Definitions

Swapping two things or subjects of equal value is considered an honest deal.

Examples

“"You can get⟳ anything you need⟳ here," Shamlack explained. "Longheads will adapt to whatever trade⟳ is needed at any given time and they have⟳ an excellent eye and mind⟳ for business. They are always honest, but don't ever expect⟳ to get⟳ anything for nothing -- you get⟳ what you ask⟳ for and nothing more or less than that." "Well, you know⟳, fair exchange⟳ is no robbery," one of the Longheads chipped in, overhearing them.”

“When you add⟳ all the other elements (risk⟳, security, deposit⟳, currency, condition, title, mortgage interest⟳, planning consents, inhibitions, tenants' titles, access, utilities, damage⟳, landscaping and so on) of the sale or purchase⟳ of the building, the 'equal' movement fantasy is exposed as meaningless in detail. 'Fair exchange⟳ is no robbery' is true but it says nothing about a fair exchange⟳ being equal in some way. In fact, no exchange⟳ is an equal transaction.”

“The current maxim that a fair exchange⟳ is no robbery—so confidently urged— cannot apply⟳ to the profit system, for if the exchange⟳ is fair there is no profit, and if there is no profit there will be no exchange⟳”

“An old saying has it that “fair exchange⟳ is no robbery,” and in fact, exchange⟳, per se, is a form⟳ of interdependence that can make⟳ both sides better off.”

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