marginalrevolution.com/marginalrevolution/2026/09/the-federal-lands-an-economic-property-rights-perspective.html The Federal Lands: An Economic Property Rights Perspective
The US government still owns 21% of the lower 48, roughly 473 million acres, run under vague "multiple use" rules instead of markets. Gary Libecap argues the switch from private land sales, halted in 1891, was never justified by any actual market failure and has left agencies with no real incentive to use resources efficiently.
— via Marginal Revolution, Tyler Cowen
