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A Phanatic Conflict
Imagine the following scenario: You buy a house and over the next forty years the property significantly appreciates in value. The previous owner then threatens to terminate the sale unless you renegotiate the deal. This might sound absurd, but this is precisely what is happening to the Philadelphia Phillies baseball team. In 1978, the Phillies…
Conflicting Values?
With the 2019 legislative session just a few months away, the proposed bullet train between Dallas and Houston is once again gaining increased attention. In both 2015 and 2017, both opponents and supporters of the project descended on Austin to argue their positions. To many, the bullet train represents a conflict of values. For example,…
The Two Sides of the Censorship Coin
Sen. Ted Cruz has long been a critic of social media, claiming that they censor conservative content on their platforms. He has suggested using the anti-trust laws to stop companies like Facebook, Twitter, and You Tube from operating their businesses as they choose. Forcing companies to allow content is the flip side of prohibiting them…
An Open Letter to the Opponents of the Bullet Train
Texas Central Partners has threatened many Texas landowners with seizure of their property through eminent domain to build a proposed bullet train between Houston and Dallas. I share your concerns about the use of eminent domain. It is, as many of you have stated, a violation of your property rights. The right to property means…
A Non-victory for Property Rights
Two weeks ago, the Texas Senate passed HB 2730, an action that many are proclaiming as a victory for property rights. However, the bill is a non-victory because it does absolutely nothing to protect property rights. The Texas Farm Bureau, which supported the bill, reports two positive aspects of the bill: [A]n entity [using eminent…
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…