Property premium is the key concept in the system of property-based economics developed by Gunnar Heinsohn, Otto Steiger, and Hans-Joachim Stadermann.
It is an insight derived from the legal distinction between property and possession which is made by jurists, but not by economists.
The distinction between property and possession is used by Heinsohn and Steiger to classify forms of society.
This premium exists in addition to the physical use of goods or resources in their possessional state and consists of two powers: (i) its capacity of backing the issue of money which can be created only in a credit contract and (ii) its eligibility to serve as collateral for obtaining credit.
[3] "Keynes's idea that interest is the payment for forgoing liquidity premium, therefore, falls short.