Uninformed expropriation
06/29/05
If you were told the government could take your real property and give it to another preferred, private person, would you be more or less prone to make improvements on your property? If you were a clear-thinking person with a basic knowledge of economics, you would reply, 'less prone.' Unfortunately, five U.S. Supreme Court justices -- David Souter, Ruth Bader Ginsburg, Stephen Breyer, John Paul Stevens and Anthony Kennedy -- failed that elementary question last week in Kelo v. City of New London. Many others have commented on their faulty legal reasoning. ... But clearly, the decision was bad economics. ... The American Founding Fathers also understood the importance of the protection of private property. So here we have five members of the court who get an 'F' both in economics and history...
http://www.washtimes.com/commentary/20050628-090913-9844r.htm
from Washington Times, by Richard W. Rahn
Informant: Thomas L. Knapp
If you were told the government could take your real property and give it to another preferred, private person, would you be more or less prone to make improvements on your property? If you were a clear-thinking person with a basic knowledge of economics, you would reply, 'less prone.' Unfortunately, five U.S. Supreme Court justices -- David Souter, Ruth Bader Ginsburg, Stephen Breyer, John Paul Stevens and Anthony Kennedy -- failed that elementary question last week in Kelo v. City of New London. Many others have commented on their faulty legal reasoning. ... But clearly, the decision was bad economics. ... The American Founding Fathers also understood the importance of the protection of private property. So here we have five members of the court who get an 'F' both in economics and history...
http://www.washtimes.com/commentary/20050628-090913-9844r.htm
from Washington Times, by Richard W. Rahn
Informant: Thomas L. Knapp
Starmail - 30. Jun, 10:16
