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Politics : Libertarian Discussion Forum

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To: Neocon who wrote (2150)	3/13/1999 11:25:00 PM
From: Daniel W. Koehler	Read Replies (1) of 13060

Neocon Under what authority does government have the right to overturn a private contract? Only if the contract is illegal. However, protecting the "common good" is the rationale most used when governments intervene. This, I feel, is the public sector's attempt at playing the 3-Card Monte with property rights - "the greatest good for the greatest number" malarkey - while they palm the hole card. Enforcing legitimate contracts is one of the few issues that most Libertarians view within the proper purview of government. However, you are correct, IMO, about enforcing a contract where there are externalities. It is a question of the degree of the externality viz a viz the absolute property right of the legitimate owner. This is one of the thorny "borders" issues that Richard Edstein has written on w/r/t/ the concept of absolute property rights. Reason Magazine recently reviewed one of his latest books on the subject. If you're interested, I'll dig up the cite. Ciao, Daniel

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