TV-B-Gone - Instapundit.com - Glenn and the ChicagoBoyz debate the reassignment of property rights, and efficiency consequences. Or is it about ethics? No, Glenn, I think it's about efficiency and assignment of property rights.
Economic analysis of events in the United Arab Emirates and the Gulf
1 Comments:
JC,
You should wade into this debate. You have it exactly right.
All that has changed is the cost of appropriating someone else's property right. (and hence the cost of protecting one's own property rights).
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