Kelo (0), the State (0) Pfizer (0) and the Recession (1)

The New York Times today ran this story about Pfizer leaving New London, which used its powers of eminent domain to seize and destroy housing for an “urban village” development. Now that Pfizer is leaving without delivering the development, people are understandably bitter.

I have to say it out loud: I really hate eminent domain. I know we need it for land assembly, but…states that do not respect property rights past a certain, reasonable point are bad regimes.