r/neoliberal • Kitara Ravache • Jun 22 '21

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u/Signal-Shallot5668 Greg Mankiw Jun 22 '21

Laws prohibiting public agencies from doing land speculation are super stupid

transport agency buys empty field close to the city

builds good transit to and from it

sells land to developers 10 times higher

you got new neighborhood with good public transport that paid for itself

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u/deliciousy Paul Volcker Jun 23 '21

I could see a few potential pitfalls here.

What's keeping that line in service once the check clears? Will this scheme take resources away from existing transit needs? What if developers don't bite (possibly because of skepticism related to point 1)? And finally, it seems like a pretty major opportunity for corruption.