A LITTLE MORE OF MY CLUMSY EFFORTS TO EDUCATE ON PROPERTY RIGHTS, WITH A LITTLE ECONOMICS THROWN IN
A few days ago, I wrote about a court decision denying an effort by holders of taxi operator permits to claim compensation from the cities that issued those permits. The “taking” that was supposedly the basis for the compensation claims was the cities’ decision to remove the limit on the number of permits and allow ride-sharing enterprises to operate without the same type of permit. As I said then, a government permit that limits competition is not a property right.
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