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A Dangerous Precedent
ByjbpIt is said that a broken (analog) clock is correct twice a day. Similarly, occasionally Trump gets something right, even if by accident. In the case of his recent claim that oil fields in Venezuela were stolen and belong to the United States, he is partially right. When he announced the naval blockade of Venezuela,…
When the Punishment Doesn’t Fit the Non-crime
Civil asset forfeiture allows law enforcement agencies to seize property that they believe was used in illegal activity. But they do not have to charge the property owner with a crime to keep or use the seized property. Instead, the owner is deemed guilty until he proves his innocence. In the vast majority of asset…
Conceding Moral Premises
An Oakland couple was recently forced to pay $6,582 in order to reoccupy their own home. The military couple had been renting the house while stationed in Washington, D.C. An Oakland ordinance, passed in January of this year, requires landlords to pay tenants a “relocation” fee if the landlord wants to end a lease for…
The Gridlock Economy
In The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives, Michael Heller argues that Private ownership usually creates wealth. But too much ownership has the opposite effect—it creates gridlock. Gridlock is a free market paradox. When too many people own pieces of one thing, cooperation breaks down, wealth disappears, and…