I appreciate the bidding mechanism to determine the price for land. It would keep the state from acting as a monopoly in terms of setting prices on land leases.

I don't see how this system addresses tragedy of the commons issues. For example, carbon emissions are hurting everyone. Everyon's property rights are violated by production of carbon emissions. I assume this is one of the areas you would describe as a "victimless crime," but I would argue this is a victim filled crime that is so distributed it is hard to address.

What do you think about something like carbon emissions? Do you think we should just let people produce as much carbon as they want? If not, how do you address it in this system?