Local Central Planning Doesn't Work, Either

Will Grigg / Liberty Minute:
In June 2005, the Supreme Court ruled that the City of New London, Connecticut was permitted to seize and condemn residential property in order to make space for a research and development facility run by the Pfizer Corporation. Under the power of eminent domain, government is permitted to pay fair market value for private property for use in the public interest. The Supreme Court’s decision expanded the permissible use of the power of eminent domain to include property takings that benefit private interests.

Posted by Editor at November 21, 2009 12:39 AM