Reply to post: Free Market Consistency

The good burghers of Palo Alto are entirely insane

John Savard

Free Market Consistency

If someone owns land in Palo Alto, then in a true free market system, of course he would be able to build on it. Preventing him from doing so is an act of interference in the free market system by the government. So the ability to build on land is not value created by the government of Palo Alto - it is value the city council has merely omitted to destroy.

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