You may consider those two regions total wastes of land and resources, but they do have value: they prove with startling clarity the utter lunacy of political government. Cases in point: New York City, with some of the highest property taxes in the country as well as intense regulation of real estate in particular and business in general, is nonetheless mystified that so many storefronts sit empty. And when you’re a criminal–sorry, a politician (why do I always confuse those two?), you can put action behind your bewilderment: Manhattan’s “Borough President” (a ridiculously redundant sinecure) is writing legislation that will … Continue reading Why We Have New York City and Southern California