[Graymatter]

You were told to go figure it out for yourself. Well, that's an excellent job you did! I am self-taught too, and I can't think when I've done such splendid figuring.
I am going to read this to my kid over breakfast. She gets the prime cut of FR every morning.

[jackbenimble]

Something else about Human Nature is that collectively it is very good at making rational decisions for its own self benefit.

Why would anybody invest a dime in property in New London knowing that the government is willing to confiscate that property on a whim?

New London may think they are setting the stage for economic growth but what they have actually done is given people a very strong reason to invest their capital elsewhere.

Private property rights have always been one of the cornerstones of our (the world's strongest) economy. Now that cornerstone has started to crumble.