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Quotation of the Day…
Posted By Don Boudreaux On March 26, 2013 @ 7:14 am In Crony Capitalism,Environment,Seen and Unseen | Comments Disabled
… is from page 210 of David Friedman’s excellent 1996 book, Hidden Order :
Suppose the English government requires (as it does) that greenbelts be established around major cities. That reduces the amount of residential land – driving up rents. A law that is defended as a way of protecting urban beauty against greedy developers has as one of its effects raising the income of urban landlords at the expense of their tenants.
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