It should go without saying that even the most narrowly construed eminent-domain power would violate individual rights. Either a person owns his legitimately acquired property or he does not.

In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions.

It should go without saying that even the most narrowly construed eminent-domain power would violate individual rights. Either a person owns his legitimately acquired property or he does not.

The more power government has to provide things, the more power it has to dictate terms.

The alternative to the market process is government control, and we know where that principle leads.

Government spending reduces the capital that could be invested to serve consumers and to produce new employment opportunities.

Americans live under the delusion that enterprise here is both private and free. It may be nominally private, but it's anything but free. Unfortunately, most people don't know what freedom is. So they are unfazed when they hear that before you can do anything of a commercial nature, you need government permission.