Thursday, November 28, 2013

Happy Thanksgiving!

Happy Thanksgiving!

For some Thanksgiving reading, I recommend John Stossel's "Thankful for Property".

The lesson that a commons is often undesirable is all around us. What image comes to mind if I write "public toilet"? Consider traffic congestion and poor upkeep of many publicly owned roads. But most people don't understand that the solution is private property.
When natural resources, such as fish and trees, dwindle, the first impulse is to say, "Stop capitalism. Make those things public property." But they already are public -- that's the problem.

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