Amelia Vayda, Chapter 13, Question 6

In Chapter 13 of Naked Economics Wheelan discusses the differences between the United States of America's government and policies, compared to other countries around the world. One policy that interested me was the property right policy. The example that Wheelan gave was that in some countries property on the poorer outskirts of the developed cities is controlled by the government. People are not allowed to rent it, sell it, or pass it on to family members. After reading this section I thought about how it would be if my grandfather was not allowed to give my family his house. I realized that when we visited that city my family would have to spend lots of money just to stay in a hotel instead of staying in an already payed for house. Now knowing that some parts of countries don't allow you to own your own land or house I see the benefits that Americans have it.