[moron4hire]

Yeah, I get that, but it seems pretty tenuous. All this talk about the "value" of the property with regards to it being used for one thing over another, when price is the way in which we quantify value.

Who gets to decide what the value of a piece of property to The People should be? Should it be elected officials, who probably only represent the interests of the people on even numbered days, or should it be The People themselves, through price movement?

[bmm6o]

It's a common belief - especially on the internet - that whatever the unfettered free market decides (or would decide) is good and correct. You may believe this, and you may even take it as axiomatic, but you should be aware that very many people disagree, and will reject any argument with this as its foundation.

[bmm6o]

I forgot to clarify the opposing view. Some people see or foresee a negative outcome of an unfettered market, and want to take steps to prevent it. Then they pass laws or regulations, like hotel zoning. They see the improvement as justification for the burden placed on the market. There are so many of these baked into society that you probably don't notice them. Minimum wage laws, overtime laws, vehicle safety laws, workplace safety laws, noise ordinances, etc.