Epstein vs. Byrne on Kelo v. New London


Legal Affairs is running an interesting debate between Univ. of Chicago law prof (and regular Reason contributor) Richard Epstein and Georgetown's J. Peter Byrne about the eminent domain case Kelo v. New London, which was just heard by the US Supreme Court.

Sez Epstein, whose Takings rewrote the book on eminent domain philosophizin',

Ratchet compensation up to the right level, where folks get something for subjective value, moving expenses, good will, appraisal fees and the like, and the price disincentive will help out by dulling the taste for new land.

Whole thing here.