On Mar 22, 5:53 am, "sinister" <sinis...@[EMAIL PROTECTED]
> wrote:
> http://www.wa****ngtonpost.com/wp-dyn/content/article/2008/03/20/AR200...
>
> "But the former Fed chairman said that the subprime boom would boost
home
> owner****p and was 'worth the risk.' Greenspan said that 'protection of
> property rights, so critical to a market economy, requires a critical
mass
> of owners to sustain political sup****t.' "
>
> Of course, what would you expect from a Randoid?
WTF? Do you realize property DOES NOT always mean land. Property
rights are legal rights to owner****p of goods this is not just land.
Secondly, Greenspan had ZIP to do with enforcing property rights. That
is the job of police departments. Congress sets what property can be
legally owned by individuals. For example, we can own semi automatic
rifles that is a property right. Only the government can own machine
guns. That is also a property right. You are way out in left field on
this one. You need to understand that property rights include much
more than land. Ronald Coase even defined property rights as the right
to take an action.
Even a system where the state owns the land has property rights to be
enforced. In this case, the property right is the right of the state
to own land.
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