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Why do governments have incentives to maintain the value of something? Governments are among the absolute worst maintainers of properties out there.

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Do you mean this in a theoretical sense? As in some other mechanism might better protect property in government's place? Or do you mean that, right now, the government is among the absolute worst?

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Mostly in the theoretical sense since this phenomenon is largely related to government monopolies (i.e. we can't see anything better because anything else is strictly forbidden). I started a thread a few months ago that linked to a mises.org article about the theory and it's application to roads.