15 November 2009

great moments in business

A summary of the Kelo aftermath

Which seems to be the lesson as follows: Don't give businesses inducements to come while disposing of private property rights to do it. They won't stay and the cost will fall disproportionately on the rights of the poor or minorities. As with usual problems of being a "pro-business" rather than a "pro-market" stance in government, the public loses.
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