Steven Landsburg of Slate has a very simple economic analysis of the Supreme's ruling. Put simply, he states that the logic that allowing land owners to sue for the value they are deprived of would be too expensive to local government and would thus stop them from regulating is exactly what should be going on. If a regulation is too costly for government, then it is too costly period - since the government is us.
We should keep reminding government employees that they work for us...
Posted by hoffmang | June 04, 2002 10:09 PM
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