A good column today by Henry Ergas. He does a very good job of explaining why the property right in real estate is not the unconstrained right that people sometimes think it is or should be.
I think I marginally disagree with him on the politics though of why the Federal and State Governments might take different views to "developers". Nice to see though the acknowledgement of the central role of Government in both defining rights and in managing interests where markets would be ineffective in managing rights.
All way too complicated for his primary target - Tony Abbott - to understand though. As a Syd U alumnus and Rhodes Scholar he clearly used to be an intelligent man .... but he seems to have stopped thinking somewhere along the line.
Novae Meridianae Demetae Dexter delenda est
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