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Quotation of the Day…

… 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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