Eminent Domain for Economic Development Requires Caution
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JIM MIARA
is a columnist for Banker & Tradesman. His column runs in the first issue of every month. He can be reached at: jim.miara@gmail.com. |
By Jim Miara
Next month is the one-year anniversary of the Supreme Court’s controversial ruling in the eminent domain case Kelo v. City of New London, Conn., which sent Libertarians into high dudgeon, Red States into retrenchment and the rest of us into an uneasy quandary. The case involves property rights – an individual’s right to buy it, sell it, lease it, develop it, hold it, pass it on, etc. – vs. the government’s right to take it for public use (supposedly, with fair compensation).
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