DYSPEPSIA GENERATION

We have seen the future, and it sucks.

When Should [sic] the Federal Government Own Land?

9th January 2017

Tyler Cowen, a Real Economist, takes a gander.

Overall, I don’t see why the federal government needs to own about 28% of the country.  Nonetheless, in the meantime the government does allow grazing and mining to take place on those lands, often at below-market rents.  (By the way, for now I am putting on hold a possible #6: “federal land ownership is the most efficient way to regulate mining and fossil fuel extraction.”  It raises issues far beyond the scope of the current discussion, though it is significant.)

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