Courts Cannot Determine the “Correct” Price of Property

Source: Independent Institute
by Allen Gindler

“President Trump and his administration have recently lost numerous court cases, raising questions about the qualifications of his legal team. While I am not a lawyer, I believe one civil case involving his Mar-a-Lago estate could have been won if he had a competent economist on his team. President Trump was accused not of violence or theft, but of assigning a higher value to his own property than government officials and expert witnesses deem acceptable. If we scrupulously examine this court case in essence, we can see that it touches upon the main problem that occupied the minds of economists of the past, namely, what value is and how it is determined.” (12/22/25)

https://www.independent.org/article/2025/12/22/courts-cannot-determine-the-correct-price-of-property/