Wednesday, June 24, 2015
Supreme Court Finds in Favor of Private Property?
As hard as it is to believe, that seems to be the case. Such a ruling is something to celebrate on our upcoming Independence Day. This Monday the Supreme Court ruled that a government program meant to increase raisin prices by keeping some of them off the market amounted to an unconstitutional taking of private property by the government. Let us hope that ruling may be used as a precedent spawning further rulings identifying that other federal regulations that constrain entrepreneurs from using their factors of production as they see fit is also unconstitutional. Not only do such regulations violate the Christian ethic of private property and makes us relatively impoverished by hampering the market division of labor.