We’ve heard a lot lately about “redistribution of wealth.” What would the American Founders think? Property rights provide the foundation of prosperity. As Americans, we’re accustomed to a revolutionary guarantee that we may labor, earn wages and acquire property — and rest assured that what we earn and acquire will …
For years environmentalists have been prescribing mountains of new regulations on the fishing industry in an effort to protect fish populations. But their drive to micromanage the industry has not helped revive fish populations. Now, a study in Science finds that a market based approach the defines property rights, called …
