The Economics of Kelo

I don't usually post links to blog posts that I assume anyone reading this has already read, unless I have a comment to add. Because I assume you've already read it. But there's been tons of stuff posted about Kelo, and I'm just wading my way through it, skipping 90% of it because it's just so big. And this is just a thorough and basic explanation of the economics behind the whole eminent domain issue, and what was at stake in the Kelo case. So here's Todd Zywicki explaining it in easy words. I actually will have something to say about the issue later, but please read this first, if you haven't already done so.