Property rights (page 35)

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    Response to N & O’s Unfortunate Annexation Article

    The Raleigh News & Observer ran an "unfortunate" article written by Rob Christensen on forced annexation. The article lets us know right up front where it is coming from.  The article is entitled "Many hail North Carolina annexation law." Exactly who hails the law?  There are municipalities, the taxpayer-funded lobbying group the NC League of Municipalities, current and former municipal officials such as David Rusk (he was the former mayor of Albuquerque, New Mexico), Pat McCrory, and some undefined class of business leaders.  I wouldn't exactly call this group as "many." The article rehashes the same tired arguments:
    Daren Bakst, March 29, 2011
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    JLF expert outlines North Carolina’s need for a state constitutional amendment targeting eminent domain abuse

    The John Locke Foundation’s top legal expert says he hopes state lawmakers will move forward with a constitutional amendment to protect property owners from eminent domain abuse. Daren Bakst made the case for an eminent domain amendment during a presentation today to JLF’s Shaftesbury Society. In the video clip below,…
    Mitch Kokai, March 28, 2011
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    This weekend on Carolina Journal Radio

    High-profile political battles in Wisconsin and Ohio have generated attention for the issue of public-sector collective bargaining. John Hood discusses the implications for North Carolina in the next edition of Carolina Journal Radio. Roy Cordato will explain why “market-based environmentalism” has little to do with free markets, and…
    Mitch Kokai, March 25, 2011
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    The danger of the floating dollar

    A recent issue of Hillsdale College’s Imprimis highlights New York Sun founding editor Seth Lipsky’s concerns about the impact of allowing the value of the American dollar to float. The creation of dollars, and the status of the dollar as legal tender, is a matter of fiat. Its value is adjusted by the mandarins at the Federal Reserve, depending on variables they only sometimes share with the rest of the world. This would have floored the Framers of our Constitution, who granted Congress the power to coin money and regulate its value in the same sentence in which they gave it the power to fix the standard of weights and measures. …. Now, the record is clear in respect of how America’s founders viewed money. Many of them went into the Second United States Congress, where they established the value of the dollar at 371 ¼ grains of pure silver. The law through which they did that, the Coinage Act of 1792, noted that the amount of silver they were regulating for the dollar was the same as in a coin then in widespread use, known as the Spanish milled dollar. The law said a dollar could also be the free-market equivalent in gold. The Founders did not expect the value of the dollar to be changed any more than the persons who locked away that kilogram of platinum and iridium expected the cylinder to start losing mass. In fact, in this same 1792 law, they established the death penalty for debasing the dollar.
    Mitch Kokai, March 22, 2011