Thursday, November 13, 2008

"Selling even some western land could raise hundreds of billions of dollars - perhaps trillions of dollars"

Alex Tabarrok makes a similar suggestion to the one I made on EconLog:

"The Federal Government owns more than half of Oregon, Utah, Nevada, Idaho and Alaska and it owns nearly half of California, Arizona, New Mexico and Wyoming. See the map for more. It is time for a sale. Selling even some western land could raise hundreds of billions of dollars - perhaps trillions of dollars - for the Federal government at a time when the funds are badly needed and no one want to raise taxes. At the same time, a sale of western land would improve the efficiency of land allocation."

Here's my comment:

Don the libertarian Democrat writes:

Doesn't the government have assets it could sell? For example, land.
Posted November 5, 2008 8:37 PM

I actually posted this on EconLog under this Arnold Kling post:

http://econlog.econlib.org/archives/2008/11/why_i_am_parano.html

But he didn't respond. I guess he doesn't like the idea. I do.

Posted by: Don the libertarian Democrat at Nov 13, 2008 11:05:42 AM

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