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: Instapundit.comFISHERIES: Iain Murray says the Obama Administration?s right, and the critics are wrong. ?Tradeabl?
By Glenn Reynolds
FISHERIES: Iain Murray says the Obama Administration’s right, and the critics are wrong. “Tradeable catch share, or ITQs, the system that is being imposed in New England, seeks to remedy this government-caused problem by introducing genuine ownership stakes in the fisheries. Wherever it has been tried, it has worked to restore collapsed fisheries by making the fishermen responsible stewards of the fish rather than, as Tierney says, hunter-gatherers. . . . Of course, because fishing fleets have been bloated by years of government interference, there will be economic casualties in the course of a move to a more responsible property rights-based system, and the process by which that works out will be seen as anything but fair by the victims.”
Full post as published by Instapundit.com on October 02, 2010 (boomark / email).
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