Friday, May 26, 2006

Oregon tea party

Fifty-five million Americans now live in private communities and most of them have chosen to trade off property protections gained for property rights surrendered. In the market for private communities, these trade-offs have to pass a market test.

There is no other way for the many complex packages of trade-offs desired to be identified and supplied.

That's the problem with trade-offs mandated via large geographic jurisdictions. The Oregon Prop 37 revolt illustrates the point.

And the rebellion may be spreading. Thanks to Brad Hill for the pointer.