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The Myth of the "Holdout Problem"

November 26, 2005
Though not strictly Austrian in analysis, this new article from Bruce Benson in the Independent Review is worth reading for its strong attack on the fallacy put forth by Richard Epstein and others that we must have eminent domain, especially to build roads, because of the "holdout problem." He also makes the case for private provision of roads. The piece nicely complements Walter Block's work (and debate with Epstein) on the same topic.

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