Sunday, August 30, 2009
Land Use Restrictions
In the short run, it can be argued that land use restrictions inhibit economic development. But, eventually, the cumulative impacts of unrestricted land use will be highly visible and the opposite argument can be made. Locales where the land has been protected from the perils of flooding, lack of aquifer recharge and general environmental degradation will become more valuable than those areas not so protected. Where would you prefer to live? It should also not be forgotten that history is full of examples where short run benefits left states and countries permanently degraded as a result of the plundering of environmental resources.