2/ actions that have Pareto improvements (everyone involved is made better off than before) are not taken, bc of insanely high transaction costs, or vetos, or lack of efficient markets, etc.
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3/ I've argued before that zoning (a) reflects an entirely legitimate and very very widespread human desire for some control over the nearby environment and (b) is entirely compatible with libertarian principles
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4/ One thought experiment I've provided to illustrate how libertarian zoning might work is that property rights are divided up into shares and then exchanged with neighbors, with an exponential fall off with distance - so I get 50 veto coupons on my abutter putting up
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5/ a 50 story housing project or petroleum refinery, I get 20 veto coupons re my 2-doors-down neighbor, etc. ...and with a liquid market for coupons / shares, if someone can buy up all of the vetoes, or buy all of the shares, they can do what they want >>>
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6/ BECAUSE THEY'VE ALREADY PAID EVERYONE WHO IS IMPACTED THE SAME, OR MORE, THAN THEY ARE DEMANDING.
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7/ This paper is a relatively modest proposal, nothing as interesting or as radical as what I suggestpic.twitter.com/qXzGbQ320X
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8/ in general, all policies that - push control closer to individuals and neighborhoods - increase skin-in-the-game in decisions - leverage local knowledge - allow market mechanism to function are better than policies that do the reverse.
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End of conversation
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If they can build the alley-fronts of mud brick, straw walls, or thatch of some kind I know a dude who'll probably explode from this proposal.
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