3/ The Coase theorem tells us that no matter how property rights are initially divied up they will - in the absence of transaction costs - be redistributed in the economically most efficient manner through side transactions.
-
-
14/ Anyway, I remain a total ancap, but over the last few years, hanging around with a lot of retarded 22 yo lolbertarians here in the Free State Project, I've become more nuanced. 80% of what state does is retarded, but 20% approximates free market solutions people want.
Show this thread -
15/ The mechanism is still bad, and should be replaced by market mechanisms (especially as IT improvements mean that transaction costs fall year after year), but a Chesterton Fence approach (asking WHY did anyone want such laws?) is prudent. Exeunt.
Show this thread -
16/ Damnit, I was half way typing up a reply to Eddie's tweet, and then he made the tweet I was replying to. (yes, I meant to type exactly those words above)https://twitter.com/random_eddie/status/1093521051353518080 …
Show this thread -
17/ There is a longer thread on how arbitrary / capricious / evil redistribution of rights becomes just over time. This is mostly a utilitarian argument (and, as noted, I'm a deontologist), but has some deontological components as well. Must work now; I'll do it justice later
Show this thread -
18/ This surprises you?https://twitter.com/random_eddie/status/1093521448654815232 …
Show this thread -
-
-
21/ srs, tho, I'm going to read the dead before I buy acreage, and what is the zoning code except the dead of rights that go along with the property?
Show this thread
End of conversation
New conversation -
-
-
GP Sure, but laws aren't made for the gray areas. Which is a reason I'm viscerally against any law named for any victim of anything ever. Hard facts make crap laws.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.