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Fish Farming and Property Rights
ByjbpThis was originally posted on Live Oaks on January 30, 2009. Comments have not been migrated. Wednesday’s Chronicle had an interesting article on fish farms. A proposal to establish large mesh cages in the Gulf of Mexico is being considered by the Gulf of Mexico Fishery Management Council, a federal agency that manages fisheries in…
Cornerstone of Liberty
Cornerstone of Liberty: Property Rights in 21st Century America, by Timothy Sandefur and Christina Sandefur, presents a compelling story about the importance of property rights. Private property rights are not just dry abstractions of political philosophy. Nor is property a mere economic concept. Like the freedoms of speech or religion, private property affects our everyday…
Property Rights and Pollution, Part 3
In Part 1, we examined the “tragedy of the commons.” In Part 2, we examined how property rights can be applied to water. In Part 3, we will examine how property rights can be applied to air. The following is an excerpt from The Innovator Versus the Collective. In the case of air, nuisance laws provide…
Cronyism is Fascism
Cronyism is the practice of dispensing political favors to some at the expense of others. Those with the proper political connections are the beneficiaries. Those who provide electoral support through donations or votes are rewarded with favorable legislation. Fascism is a form of collectivism, as are socialism and communism. In each of these systems, the…
The Rule of Capture
In Texas, ownership of subsurface resources, such as oil and water, is governed by the “rule of capture.” If an individual or business can “capture” the resource–bring it to the surface–it becomes his property. The rule of capture has often been called the “law of the biggest pump.” As the website for Texas A&M explains,…
PLF Wins Big at SCOTUS—Twice
Today, the United States Supreme Court announced two unanimous rulings in cases that had been filed by the Pacific Legal Foundation (PLF). This follows another successful ruling from the Court in April (Wilkins v. United States). In Sackett v. EPA, the Court significantly narrowed the EPA’s authority under the Clean Water Act. The ruling will…